You can always call your creditors(mainly credit cards companies) and ask for 3rd party company's that they endorse to help with credit counseling and debt
consolidation. That way you know the companies are reputable. In my experience these companies are larger and more established. The BBB is also a good way to evaluate a company but remember that is a pay to play service.
Credit card companies want to make sure you pay them so they will recommend players that have a good track record.
There are a variety of financial aid websites that can assist people in understand their financial situations. Websites such as BBB, Debt Consolidation Care, Money MSN, and Yahoo Finances.
Companies that offer debt consolidation for American consumers include, in order of ranking by consumers, National Debt Relief, CuraDebt, CareOne, American Debt Enders, Ready for Zero, Savvy Money, Franklin Debt Relief, Debt Consolidation Care, Debt Consolidation America, and Fast Track Debt Relief.
There are a lot of companies which are offering the consolidation loan debt. However, it is strongly recommended that one should try firstly their own bank or credit union.
You may visit various debt consolidation businesses and research their histories. Check out their BBB rating, which is a good sing of the type of service that you may receive. You may also visit debt consolidation loan businesses. There are certain guideline or requirements in order to qualify for a debt consolidation program and if you meet those qualifications they will gladly assist you. Personal preferences as to which avenue to pursue would dictate the program to select.
It is not recommended to apply for new credit cards or use the ones that you told the debt consolidation company that you can't afford the minimum payment. What is the point of using credit cards when you are trying to get out of debt? If you use any of the cards that are in the process of debt consolidation, the company can end your contract and what are you going to do to get rid of your debt?
If one is interested in learning more on debt consolidation and management it is recommended to check out the Debt Relief Center website. This site offers all the information one may need regarding debt consolidation and management.
There are a great many debt consolidation companies out there. There are two that I would recomend; firstly, because their service is free and secondly, because they have a good rating with the BBB. These companies are the Christian Credit Counseling Center and InCharge Debt Solutions.
One can find good loan consolidation companies in New York from: New York BBB - Better Business Bureau, Debt Consolidation Care, Credit Info Centre, Student Aid, US News, to name a few.
consolidation debt program
You can choose a debt reduction company like Freedom Debt Relief, who can negotiate with your banks to reduce your debt amount and one can become debt free in the least amount of time. I took their service which was very good. I question the value of debt consolidation companies. I have an article on my website discussing how Chapter 13 bankruptcy is often preferable to private debt consolidation companies. Answer 2The safest way is to choose a company that is accredited to the Better Business Bureau. Check out facts. The Internet is a good place to look for comments and reviews in forums. See what others have to say about a particular company. Check out the history of a company - proven track record, BBB ratings, etc. The highest BBB rating is A+. For more information, visit the link below.
Debt consolidation in Canada is much the same as it would be in the US. Many banks offer debt consolidation loans to persons wishing to get some relief with paying their debts. There are also company's that specialize in debt consolidation that someone could use as a resource.
Debt consolidation is recommended for those who have fallen into an overwhelming debt situation. In such cases, interest rates on debts keep spiraling upwards while the financial situation remains tight. Professional debt counselors can help you organize your debts and consolidate all your unsecured debts into one single payment. In many cases, debt consolidation can lower your monthly payments and pay off time. In addition, debt consolidation programs also provide free education on financial management which will help you take control of your finances so that you do not fall into such a situation again.