http://www.become-debt-free-today.com/debt-consolidation/debt-consolidation-service/debt-consolidation-company/ Debt consolidation company: A step-by-step guide to finding a debt consolidation company and what it can do for you. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Let's assume you are in debt and looking for a viable way out. Sounds good, but getting debt help is a foreign concept to most people. When your car breaks down, someone can probably refer you to a good repairman. When you have a toothache, someone can probably refer you to a good dentist. These are very basic things. But most people don't like to talk about being in debt. Therefore, most people don't even know about the plethora of options that exist. Luckily, you've found this site. On this page, we'll give you a step-by-step guide of what you should do. Step 1: Find a Debt Consolidation Company This is the most important step to finding any kind of debt help. Just like in any industry, there are debt consolidation companies that are less-than-reputable. So before you choose just one debt consolidation company to help you out, you need to do your homework. This can be time consuming, but it's time well spent. One place you can start is with your creditors. Call them all and see which companies they're willing to work with. This way you don't have to worry about if they will cooperate with the debt management company you choose. If several of your creditors happen to mention one in particular they like to work with, maybe that's the one you should go with. If you prefer anonymity, most debt consolidation companies have web sites with forms you can complete and submit to give their debt management professionals an idea of your situation. Browse through the Internet and send in as many free applications for debt consolidation as you can find. Within 24 hours, you'll receive tips and pieces of advice on the debt management programs that financial advisors and credit counselors feel is best tailored to your needs and goals. Compare these offers. Contrast experience and expertise. There is no obligation to commit to any specific debt consolidation company, but taking the time to review the possibilities will help you decide which companies seem the most trustworthy. This is easy and can be done from the privacy of your own home. Step 2: Choosing a Plan Once you've chosen a debt consolidation company, you'll speak with a debt management expert who will be able to determine which debt consolidation plan is right for you. They may even have more than one in mind. Once you choose a debt consolidation plan, the debt consolidation service will contact your creditors to negotiate with them for balance and interest rate reductions. Then they'll combine your new, lowered balances together, and you'll make one monthly payment to the debt consolidation company instead of several monthly payments to your creditors. In five years, you'll be debt free! Sound good? Then you should get started today. If you want to find a debt consolidation firm online, start on our Related Resources page. Sat, 26 Jul 2008 15:00:00 EDT