An average American will go through atleast one debt consolidation in their lifetime. Although it does not sound a lot but it should be noted that there are about 120 million households in America.
Yes, debt consolidations can be a negative factor on your credit reports. Though it is probably worth it to consolidate your debt rather than go deeper into debt, which will hurt your credit even more.
Debt consolidation works by taking out one loan to pay off many others.
One of the good websites is debtconsolidation.com
You can visit www.debtconsolidationcare.com and they can give you several companies in your area that can help.
Business debt consolidations can be found in several places. The primary place they are found are in business debt consolidation firms as well as business management firms.
Care One Credit and Debt Settlement USA are two great places for loan consolidations. They also offer services for college student loan consolidations. However, you may want to consider the Money Management Organizaiton as the service is free.
Care One Credit will help you with debt consolidation and credit counseling, however, they are not free. http://www.careonecredit.com/
Accelerated Debt Consolidation consolidates all of your debt into one lower monthly payment at a lower percentage rate. There are many different online websites available for accelerated debt consolidations.
The average American has a credit card debt of around fifteen thousand dollars. This is just the average though, some people have more and some have less.
UK Debt Consolidation Services is one of the many companies in the UK which specializes in debt consolidations. They will help people consolidate their loans, often with a lower monthly payment.
Debt consolidation is basically a larger loan to pay of your smaller debt. Many companies out there offer debt consolidations but the best place to start is you bank or credit union since you already have a relationship to them.
The average American started off 2013 with about $15,000 in credit card debt personally. This leads to well over $30,000 in credit card debt per household.