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There are many companies that specialize in debt consolidation, where multiple debts are combined under a lower rate for a longer term. But experts say this doesn't solve the underlying problem.

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Q: How can one go about consolidation of bad debt?
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Where can one find out information about debt consolidation scams?

To find out information about debt consolidation scams, one can go to websites such as Nolo and go to legal encyclopedia, then debt consolidation scams. Also, on How stuff works there is information, as well as on OVLG, and Ready for Zero blog.


Where can one go to get professional debt consolidation?

One can get professional debt consolidation from a number of places. The first place you should start when experiencing money issues is your regular bank. You can also get help from debt consolidation companies such as Ontario Debt Advisors and DebtCare Canada.


Where can one go for debt consolidation?

There are a lot of places that offer debt consolidation. One of the biggest things you want to find out about the company, is how much they are actually sending to the companies that you owe.


Where can one go for free debt consolidation services?

Depending on what types of debts one has, free debt consolidation may be available through one or all of the companies one owes. However, third party debt consolidation is never free, as they collect a small fee directly from the debtor.


Where can one get debt consolidation loans with a lower rate?

One can get Debt Consolidation Loans at a lower rate by going to a Consolidation Loan site such as DebtFreeDirect or Best4Loans. One can also go to a bank such as Wells Fargo or even another bank such as Santander - and asking specifically for a low rate Consolidation Loan.


Where can one find debt consolidation online for car debt?

An online debt consolidation for car debt can be found at official bank websites such as Wells Fargo, BB&T, and U.S. Bank. More information can be found once you go there.


Is there a charge for the consolidation?

Depends, if you choose to go for a non-profit organization of a debt consolidation company.


Does debt consolidation really work?

Debt consolidation can be great for some people if you go through the right company. Do research before you decide on who to use.


Where might one go to receive free debt consolidation services for one's loans?

There are many companies that offer free debt consolidation services for loans. These companies include Green Path, Spring Leaf Financial, and Local 310.


What are the importance of consolidation?

The basic importance of consolidation is that it will discontinue any collection mediators harassing calls and provide you a strain free future to construct your credit for upcoming borrowing. Thus for easy repayment of the debts one should go for secured debt consolidation loans. Moreover by consolidating your debt you are paying one monthly payment, which is lower than all the payments you are paying to creditors. The debt consolidation agency uses this payment to pay off the actual debt and the interest on the debt.


What is the best website to go to for a debt consolidation loan rate?

The best website to go to for a debt consolidation loan rate is Go Compare in the UK as this allows one to compare different rates to suit ones needs. Some of those lenders are NatWest, Nationwide and Zopa.


Do debt consolidation companies offer debt advice?

Yes, any good debt consolidation company will offer debt advice. They will go over all your options and give you some tips of how not to let this happen again.