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On the subject of alternatives to consolidating loans while facing debt problems, it may be worth the effort to consider getting oneself into some form of debt settlement.

Q: What are the alternatives to consolidating loans when faced with debt problems?
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On the subject of alternatives to consolidating loans while facing debt problems, it may be worth the effort to consider getting oneself into some form of debt settlement.

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A debt consolidation does absolutely nothing to improve your credit score. Consolidating debt causes you to simply borrow more money to pay off old debts.

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The best place to find out what consolidating debt involves and what options are available would be through a financial advisor. One could get information on line by visiting the website for the Office of Consumer Affairs.

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There are many websites that have information on consolidating debt from credit cards. Among them are Care One Credit, Nolo, Family Credit, Money Management, and Wikipedia.

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There is information on consolidating debt payments at the Consolidated Credit Counseling Services of Canada, Inc. site online. RBC Royal Bank also has information on consolidating payments.

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