Start Consolidating program

Consolidating program

When you start pursuing debt management options, you may get many mixed messages from those in the debt relief industry.

With the help of a nonprofit credit counseling agency or for-profit company, you’ll set up a plan and a system to eliminate debt within three to five years.

Start with counseling: the first step of a debt consolidation program is counseling.

Here’s more on choosing a service to meet your needs, along with detail on how we arrived at our ranking of 10 systems.

Sometimes you reach a point where debt becomes overwhelming.

What are the benefits to this approach to debt consolidation, beyond simplifying your monthly payment requirements?

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.

In these circumstances, debt consolidation may be helpful. There are two main debt consolidation options: debt consolidation by taking out a loan, and debt consolidation programs such as those offered by American Consumer Credit Counseling (ACCC) that do not require you to borrow.

One common approach to debt consolidation involves taking out a loan.

Compare fees you’ll pay for a loan or a program, and decide what’s best.

A debt consolidation program is a service to help you manage your debt.

Before you sign up, learn how they work and evaluate if you really need to use one.