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Consolidating my debt

Through a bill consolidation plan, the company will work with you to consolidate all debt into one payment every month.By consolidating debt into one payment, the debt relief company will pay off your existing creditors, and you'll make just one payment each month.

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For a list of all of our advertising partners, click here' With so many websites offering free financial tools, it can be hard to know whom to trust.These are not quick fixes, but rather long-term financial strategies to help you get out of debt.When done correctly, debt consolidation can: There are several ways to consolidate debt, depending on how much you owe.While some consumers choose to create a budget and plan to pay off their bills on their own, for others going it alone is an overwhelming task.Another option is to seek the help of a debt relief company.A solid, reputable company will offer multiple bill consolidation plans and share the features, benefits, and risks of each with you.

In addition to helping you determine the best way to consolidate your debt, a good company will offer financial education, guidance, and support as you make your way out of debt - setting you up for a lifetime of strong debt management and financial success.

Due to the number of scams and risks associated with fraudulent debt relief companies, you should thoroughly research your options when considering any debt relief plan.

Work only with trustworthy companies who have solid histories of getting consumers out of debt.

This helps eliminate mistakes that result in penalties like incorrect amount or late payments.

There are three major types of debt consolidation: Debt Management Plans, Debt Consolidation Loans and Debt Settlement.

" Taking out a loan to pay off unsecured credit balances is an option that many people consider.