Does anyone know who I should talk to about debt consolidation?
Question:
Answer:
Contact the Consumer Credit Counseling Service. Their main website is http://www.cccsintl.org/.
They are a non-profit organization, so they are more likely to have your best interests in mind (instead of theirs).
Many of the debt consolidation companies you see in commercials charge outrageous fees, and they may not even help you get out of debt.
A good credit counseling service can help you decide what the best course of action is for you, they can provide budgeting and other educational services, and they should be able to work directly with your creditors to get better rates for you.
I hope this helps. Good luck!
Unless you are highly in debt with collection notices or on the verge, this is NOT the way to go. These can and will damage your credit. Creditors do not like to see this on your credit report. If you have credit, try to take out a loan and pay everything off and have your one monthly bill to your lender. Unless you are up a creek, with bad credit and collectors bugging you all over the place, debt consolidation is not the answer. Plus, unless you are high in debt they dont even take you on.
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