When debt becomes overwhelming and it seems like there is no way out, it may be time to contact a debt consolidation agency. These agencies take your debt and, through a loan, pay off your existing creditors. In turn, you now pay the agency a monthly sum at a lower interest rate.
Because debt consolidation has helped so many people, there are a few companies that actually provide free debt consolidation. These companies will provide consolidation services at no cost. Although they may charge a nominal interest rate on the loan to be repaid, it can still save you money.
Most free debt consolidators are through local government offices or local banks, but private companies do exist that provide this service.
People can get free debt consolidation care from family and friends willing to help pay off debt, or banks can help you make a plan to pay off your debt slowly and easily.
There are many places where one could find debt consolidation help for free. These places include, but are not strictly limited to, Care One Debt Relief Services and ConsultNBS.
Care One Credit and Lower My Bills are both great options for getting free debt consolidation help. The information for these businesses can be found online or most likely in your local phone book. There may also be local debt consolidation companies in your area.
When a person realizes he or she is in financial trouble, one of the first steps to take is consolidating one's debts. By consolidating one's debts, any person can get a true handle on his or her financial situation. There are plenty of ways that people can get free debt consolidation. One great way to get free debt consolidation is by getting help from a friend that is a financial advisor. Also, many financial advisors offer pro bono services that can provide a person with free debt consolidation. A person should always research all of these options for getting free debt consolidation.
You can get free advice from a debt consolidation company online from the Green Path website. Once on the page, click on "How we can help" in the top navigation menu to bring up the information.
There are several websites that offer free debt consolidation sevices. These sites are CareOneCredit, DebtConsolidationCare, and ConsumerCredit. You can get free counseling at these sites.
There are different places online to find information about debt consolidation. Most banks will be able to supply this information, or you can contact places like Consumer Counseling or Debt Free for help.
You can find the best debt consolidation help at www.DebtHelp-America.com. Another good site is www.FreedomDebtRelief.com
It is possible, in the UK to get free debt consolidation advice and help from various charities. The charity Step Change will give counselling, advice and will speak to creditors on your behalf. Their service is free. The Citizen's advice bureau also give consolidation advice, and also provide their services free. There are a lot of companies which charge a fee, usually monthly, for debt management services. These include Norton Finance and BBC debts.
Debt consolidation can be very helpful in avoiding bankruptcy but can also have its own set of issues. While there are companies that help with debt consolidation it's hard to find ones that are reputable.
There are many companies out there that claim to help with debt consolidation, but many are dishonest and will end up charging you a hefty fee. For a free resource, check you library for a book by Dave Ramsey. He offers many suggestions to help alleviate your debt.
On the .Gov pages is a long list of place that handle free federal program that provides debt consolidation advice. All they need to know is your location and they can help up in your own state.