Are you looking for an alternative that is better than credit counseling in order to eliminate your unsecured debt? Would you like to pay a lower, more affordable amount each month and actually make strides toward paying down your debt? Would you like one single monthly payment instead of having to juggle multiple payment dates and wondering if you remembered to pay everything each month?
If you answered yes to one or more of the questions above, then debt consolidation is the answer you have been waiting for. Not all consolidation companies are the same and you need to feel confident that you are working with a company that has your best interests at the heart of their operations. When you find the company that is best for you, you will trust that they are working to help you as much as possible.
The best debt consolidation company will offer their clients several different options for consolidation. The reason for this is that there is no specific answer for every financial situation. Depending on the amount and type of debt that a consumer has, there may be some programs that are better than others.
Consolidation programs will generally result in the consumer paying less than their current debt total. Debt will be paid off faster with this type of program than it would be if the consumer simply paid off their debts a little at a time. Most programs will have low fees and no enrollment fee for those who opt to work with a consolidation company.
Debt consolidation is not a loan. When participants make their single monthly payment, most of the payment goes into a bank account that will be used to settle debt accounts once the money accumulates to a certain level. While the money is adding up, a professional debt negotiator will work with the participants creditors to reduce the amount of their debts and to make settlement agreements on their behalf. This technique is more effective than the consumer working to negotiate on their own behalf.
If you want to get a fresh financial start in 2011, you should give some serious consideration to the option of debt consolidation. When you work with professionals who know how to talk to creditors and how to get better settlement and payment options than they would give you directly, you stand a better change of regaining your financial independence.
