Credit Card Debt ConsolidationDebt Relief from a Non-Profit you can trust. Lower your payments by up to 57% for free today. Click here for more info Debt consolidation is the process of taking all of your high-interest credit card and consumer debt and bringing them together into one loan. Typically this is done through a non-profit consumer credit counseling organization, often at no charge to the consumer. Debt consolidation agencies can help consumers in a number of ways:
People choose from several options to solve debt problems. Among them includes getting a second (or even a third) job, or the following: Consumer Credit CounselingThere are many nonprofit organizations in the U.S. and Canada that want to help you. It is often simple to find them through advertisements and listings on the Internet, as well as your local phone book. BankruptcyMore often than not bankruptcy should be your LAST option. Be sure to consult a lawyer (ideally one who is not paid to file bankruptcies) to know if this is the best option for you. Debt Consolidation LoanIf your credit rating is still good, you may be able to qualify for one of these loans. This can be an especially good way to reduce your consumer debt if you can get a loan against the equity in your house. This type of loan, either a line of credit or home equity loan, might even be tax-deductible. Consult with a certified public accountant and your bank for more information. Credit Repair ServicesSometimes there are problems with your credit report that cause you to pay higher interest rates on your loans than you otherwise have to. It is important to check your credit report periodically to make sure it is OK. Discrepancies can be fixed using a credit repair company, or by doing it yourself. Often it takes less time and less money to use a credit report repair service; experts can clear problems with your credit report and improve your rating very quickly.
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