You have seen all the ads – been told how a debt consolidation loan will get you out of financial trouble and reduce your monthly payments.
And yet, at the back of your mind you have some nagging doubts. Depending on your situation – that ‘not adding up’ can mean thousands of wasted dollars and years of heavy unnecessary debt load.
Debt consolidation companies communicate with your debtors to negotiate lower rates on your behalf.
If you are struggling to manage your debt but unsure of what steps to take, you can look into solutions offered by loan consolidation companies. Many of these paths negatively affect your credit score, require long-term dedication and obligate you to still pay off the majority of what you owe.Dear Debt Adviser, I have about ,000 of debt on credit cards. The top performers in our review are National Debt Relief, the Gold Award winner; New Era Debt Solutions, the Silver Award winner; and Accredited Debt Relief, the Bronze Award winner.Credit counseling services provide various resources to help solve your money problems.From starting a budget to educational programs on money management, counselors discuss your entire financial situation and help you develop a personalized plan.