Debt Consolidation Made Simple


If you have considered debt consolidation then you are probably a little overwhelmed with the mass amount of debt consolidation companies there are to choose from. With some of these debt consolidation companies, it's hard to even find out what debt consolidation is all about. It seems you have to commit to sharing your entire financial history, as well as sitting through a high pressure sales pitch, with some.

It may not have occurred to you that you can take debt consolidation into your own hands. As with most things in life, there are going to be advantages and disadvantages with handling your own debt consolidation. Credit counseling may be in order before even considering debt consolidation, if you don't have any idea where to start. It's important to remember that there are resources available and it's best to use them, rather than trying to wing it, when it comes to debt consolidation.

The first step in do it yourself debt consolidation is to assess the situation. You need to know how much debt you actually have, how old the debt is, and whether or not the debt is still with the creditor or if it has gone to a collection agency. Then you should prioritize your debt. Debt consolidation should not result in the loss of any of your secured property, so you will want to deal with those creditors first.

Once you have a clear picture of your financial situation, use the debt consolidation resources that are at your disposal to contact your creditors and begin negotiating. The process of debt consolidation does not need to be a complicated one. Taking care of your own debt consolidation will certainly be more stressful than taking your case to a debt consolidation company, but you will save a little money and learn valuable lessons regarding credit and debt consolidation along the way.

Timothy Gorman is a successful webmaster and publisher of Debt-Relief-Solutions.com. He provides more credit counseling, bankruptcy and free debt consolidation information that you can research in your pajamas on his website.


More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More Debt Consolidation Information:

Related Articles

Debt Consolidation Benefits
If you've ever been in a situation where you needed money that you didn't have, you probably already know about loans and credit cards. Here is a brief Explanation on What both are:LoansA loan is a type of financial aid which must be repaid, normally with interest.
What is the Difference Between Unsecured and Secured Debt?
A secured debt is a debt in which the creditor maintains a security interest in an item or piece of personal property such as a house or an automobile. With secured debts, if you fall behind on payments, the lender can repossess the property that originally secured the debt.
No-Cost Student Loan Consolidation
No-Cost Student Loan ConsolidationA no-cost student loan consolidation - doesn't that just sound too good to be true? Think about it. You have just accrued thousands of dollars in debt through student loans after 4 years of college, or possibly even more.
Debt Consolidation - Free Information About Consolidating Debt
Millions of consumers across the globe are searching for a way out of debt. Credit card bills, loans, and other unsecured debts have left many people unable to meet their monthly expenses.
Bad Credit Debt Consolidation Loans
Are you looking to consolidate credit card or other debt? Do you have bad credit history? There are many options available online nowadays to help you consolidate your debt. Whether you are wanting to consolidate credit card debt or other kinds of debt, it can be overwhelming searching online to find the best ones for your situation.
Debt Consolidation: How it Works
As long as consumerism flourishes most of us will be tempted to overspend thus creating a financial bind. While some people do manage to get themselves out of debt others, for a number of reasons, including job loss, divorce or hospitalization cannot.
Debt Consolidation for Homeowners: Saving Grace for Inept Borrowers
You cannot understand the importance of being a homeowner until you enter the loan market for debt consolidation. Debt consolidation for homeowners is a responsible way of getting out of debt.
Debt Consolidation Primer - Four Things You Can Do to Get Out of Debt
Problem debt is rampant throughout America. In addition to mortgages and auto loans, the average household in the U.
Moving Debt Between Cards Can Save You Money
If you're like most people, you have plenty of credit cards, and you have stacks of offers for more. The credit card industry is so competitive that, whatever card you have, the chances are that somewhere out there is one that would be cheaper or better for you - and you can change as often as you want!Take Up Teaser Offers.
16.4% APR $5,000 Auto Loan...HELP!
Are you the victim of a high interest rate auto loan? If so, the following email discussion may help you. Read on:DEAR LoanResources.
A Simple Question We All Wonder - Are Debt Settlement Companies Scams?
Are debt settlement companies scams? It's a simple question so does it have a simple answer?Along with the genuinely helpful firms, there are plenty of operations billing themselves as legit debt settlement companies. These debt company scams prey on debtors by promising relieved debt and empty their pockets forcing payment of outrageous fees.
Debt Settlement Strategies
One of the most common social diseases remains dormant for a long time. And when it raises its head, it reveals its monstrosity slowly.
Are You Buried In Debt?
Are you having a problem paying your bills? Are you receiving past due notices from creditors? Are most of your accounts being turned over to debt collectors? Are you worried that you might lose your home or your car?Well, you are not alone. Many people do face a financial crises at some time in their life.
Guide to Debt Consolidation Loans
Here is a useful guide to Debt Consolidation Loans. A Debt consolidation loan is a loan used to repay several other loans.
Debt Consolidation - How to Protect Your Credit Accounts from Theft
Last week, a security exploit at CardSystems Solutions, Inc, a credit card processor, may have allowed thieves to obtain as many as 40 million credit card numbers from unsuspecting victims. The theft was brought about though a virus introduced into the CardSystems that allowed external hackers to obtain access to the account information.
Debt Consolidation
Sometimes life can get on top of you and out of control. When this happens many of us indulge in a little retail therapy but when a little becomes a lot then you can hit problems.
The Benefits of Debt Consolidation
It is quiet easy to get into financial difficulty having a home mortgage, a car truck or SUV loan and credit card repayments. There are now considerably more individuals than ever before with greater debts than they can afford.
Free Yourself Of Debt and Worry with Debt Consolidation
Debt consolidation programs can help you lift the burden of excessive debt and potentially save you hundreds of dollars a month. Debt consolidation professionals will work with you and your creditors to design a plan to help you lower your payments and reduce your debts quickly.
Open the Cash Vault Inside Your Home
Believe it or not, many people do not understand equity and the power it provides.In its purest form, equity is money.
What is Debt Consolidation?
Here is a useful guide to what is Debt consolidation. For some people with credit problems debt consolidation may be an answer.