Bill Consolidation

Debt consolidation can save you hundreds of dollars in interest payments every month, and help you become debt free quickly. Wouldn't it be great to be debt free and in control of your finances? It may be that bill consolidation is the answer. Getting out of debt can be done with the help of a professional financial advisor, a free debt consolidation counselor, or even a lawyer. You can stop paying high interest credit cards and start paying off your bills with with a much better payment schedule than you would be able to negotiate yourself. Seek a nonprofit service and start living your life.

If you have relatively good control over your debt, then perhaps your troubled by previous problems in your life. Health problems can cause financial hardship, for example, that may leave your credit report in a mess for years. Even errors on your report can affect your ability to get loans for things as simple as a large screen television or new computer system. Legal credit repair is available for these types of problems.
understanding consumer credit counseling

Maintaining large credit balances can be very expensive. For example, if you have a current balance of $20,000, with 19.5% interest and a small monthly payment, it would take over 10 years to pay it off and would cost you an additional $20,000+ just for the interest, which almost doubles the total cost of whatever you bought. But if you consolidate your credit card balances, you can cut this down significantly AND pay off the loan in a much shorter time. It might take some discipline, but life does get better with the help of a non-profit credit counselor's help.

Debt collectors can call you at home and even at work (so long as you have not told them to stop calling you at work) until you pay back your loans. You can, however, write them a letter to make them stop calling. This does not take care of the underlying problem, but it can stop them from harassing you. It is bill consolidation. And, there are many unscrupulous collectors who ignore the Fair Debt Collection laws and still call. Debt consolidation can take of this too without your creditor being able to deny knowledge of having received a letter.

For more information on Fair Debt Collection laws, visit Fair Debt Collection at the FTC's web site.