Debt consolidation can settle your unsecured debts for less than what you owe and you could save much more than Credit Counseling or Debt Management. For many consumers, a reduction in their overall debt may not be the answer to their financial situation because of cash flow problems. If you are past due because of a decrease in your income and the potential of making more money is next to impossible, then you can be left with very few...

All of the Debt Consolidation Companies featured in our reviews and recommendations are certified, audited, bonded and fully compliant with the all of the Federal Trade Commission regulations that protect consumers and businesses. Featured Debt Relief Companies DO NOT charge any fees upfront and have demonstrated proven debt consolidation results and reputation. We feature a variety of Debt Relief Companies to help find the perfect fit for every...

Low Program Payment

At Debt Consolidation (debtconsolidation.com) we review and recommend Debt Relief Professionals and Debt Relief Companies that work on a performance based model with no upfront cost to you. Get your finances in order by establishing your budget. With the help of a can start resolving debt in just months work diligently and quickly to get you the results you desire. Pick a payment that you can afford and get your finances in order by establishing...

Debt Consolidation Help

Using a debt settlement service is a choice, and a choice that can change your life. Debt settlement, rather than Debt Relief, can prove to be one of the best choices you make. Debt settlement is a life-saving decision. Choose debt consolidation now and settle your debts.

Credit Counseling

The truth of the matter is there are just too many terms to remember when it comes to debt management. Debt consolidation, debt counseling, credit scores, and debt settlement are all different rungs on a very tightly packed industry. We’re here to help.

Debt Settlement

More aggressive than any standard debt consolidation approach, debt settlement is designed to be a last resort for your financial troubles, something you shouldn’t turn to unless you simply cannot make the minimum payments required in a debt repayment plan and refuse to file for bankruptcy.

Bankruptcy

As far as debt management goes, bankruptcy is as low as you can go. But there remains a common misconception about the process of filing for bankruptcy. There are many people out there who think that if they file for bankruptcy their debts will be instantly forgiven. That’s not the case.

What is Debt Consolidation?

Debt Consolidation Credit Card Debt Consolidation Debt Consolidation Companies Debt Relief Credit Counseling

Credit Card Debt Consolidation Debt Consolidation Loans Credit Card Debt Relief Bankruptcy Debt Settlement

"Debt" has become something almost mythical and a metaphor for all that ails the United States.

For several years now American political and social conversation has centered on debt. While pundits discuss the vagaries of our “national debt; less attention and thought seem to be directed at the record amount of debt incurred by consumers. And what "at risk" consumers should do about the problem.

Some people spend months to find the best, most reputable debt consolidation company.

In order to select the best fit for you; you will want to do research on many different debt consolidation companies.

Debt Consolidation is considered to be one of the most effective approaches to credit card relief.

Roughly 2 – 2.5 million Americans seek the help of a credit counselor each year to avoid bankruptcy. Some “at risk” consumers may be able to settle their debts for less than they owe and achieve the goal of being debt free on their credit cards, assuming they successfully complete a program and each of their accounts are settled. Participants will enjoy one, low monthly program payment. Clearly there is a large demand for professional help when it comes to dealing with unsecured, outstanding debt. 1 in 50 households carry more than $20,000 in credit card debt. That amounts to more than 2 million households. 4.5 percent of cardholders are 60 or more days late in their payments.

Do I have to take out a loan for debt consolidation?

Debt consolidation may entail taking out one secured or unsecured loan to pay off many others. This is often done to obtain a lower interest rate, secure a fixed interest rate - or for the convenience of servicing only one loan.

However a loan is often not required to consolidate debt!

Since credit cards can carry a much larger interest rate than even an unsecured loan from a bank; limiting and then consolidation those accounts can be advisable. Towards that end many relief companies provide budget counseling and professional negotiation teams that can usually obtain a significant discount from those outstanding balances. Despite the statistical fact that more and more Americans are sinking further and further into debt; fewer consumers are seeking help. They know they need help, but aren't sure how to find or evaluate that help.

Unemployment remains nationally near or around 9%.
Consumers are accumulating debt at a record pace and have accumulated $18.4 billion more in credit card debt in the second quarter than they did in the first quarter.
That is a 66% increase from the same quarter in 2010 and up 368% from two years ago.
Total U.S. revolving debt (98 percent of which is made up of credit card debt): $793.1 billion, as of May 2011
Total U.S. consumer debt: $2.43 trillion, as of May 2011

On this website you will find:

Is debt consolidation is right for you?

What do I look for in a Debt Consolidation Companies?

Why you should avoid debt consolidation loans?

What are Debt Consolidation Programs - Pro's and Con's?

Is Credit Card Debt Consolidation a good alternative?

Evaluating debt consolidation companies can be difficult.

Do Debt Consolidation Loans help people get out of debt?

Yes. However Americans are sinking further and further into debt and fewer consumers are seeking debt consolidation despite the fact that Debt Relief and Consolidation programs (and the services of debt consolidation companies) have been dramatically improved in a recent years as a result of stricter regulations governing the industry.

Often Debt Consolidation companies can negotiate a significant discount from the outstanding balance.

According to a report from the Federal Reserve on the debt consolidation industry , credit card debt jumped 4.5 percent to $801 billion after shrinking 2 percent the previous quarter.

In total, consumer credit increased by $19.3 billion to $2.5 trillion. Remember, debt consolidation loans are used to combine multiple debts into a single loan payable at a lower interest rate while reducing the total outstanding debt through settlement and amount negotiation. Despite the statistical fact that more and more Americans are sinking further and further into debt; fewer consumers are seeking help. They know they need help, but aren't sure how to find or evaluate that help. Unemployment remains nationally near or around 9%. Consumers are accumulating debt at a record pace and have accumulated $18.4 billion more in credit card debt in the second quarter than they did in the first quarter (according to a new study from CardHub.com).

Debt Consolidation Companies have seen a major change in the regulations concerning the industry

The debt consolidation industry is providing people with better, more reputable services because of the “Telemarketing Sales Rule - 16 CFR Part 310”

Do debt consolidation programs include a debt repayment plan

Debt consolidation programs are a debt repayment plan (set up by a credit counselor) that consolidates your bills. A professional, certified debt consolidation counselor and negotiations agency can find out if you qualify for an interest rate reduction through your current lenders. Debt settlement professionals and negotiators will work with your creditors to get your balances as low as possible. The companies we recommend are in strict compliance with all FTC regulations and will not charge any upfront fees and your payments will go into a trust account designated for settlements.

Only after agreements with creditors are reached will fees will be collected by reputable debt consolidation professionals.

Debt Consolidation is also known as debt arbitration or debt negotiation

Remember, debt consolidation is an approach to debt reduction in which you and your creditor agree on a reduced balance that will be regarded as payment in full.

36 percent of respondents said they didn't know the interest rate on the card they use most often.

Benefits of Credit Card Debt Consolidation

According to a report from the Federal Reserve on the debt consolidation industry , credit card debt jumped 4.5 percent to $801 billion after shrinking 2 percent the previous quarter. In total, consumer credit increased by $19.3 billion to $2.5 trillion. Remember, debt consolidation loans are used to combine multiple debts into a single loan payable at a lower interest rate while reducing the total outstanding debt through settlement and amount negotiation.