If you’ve made the decision to get control of your debt (and possibly get rid of it), congratulations! Taking an honest look at your debt obligations isn’t easy. Neither is it easy to develop an effective repayment plan.
Over the last several years, two types of companies have emerged – both aimed at helping consumers manage and eliminate debt. Many people assume that “debt consolidation” and “credit counseling” are essentially one and the same, but they offer very different services and may not be right for everyone.
Debt Consolidation
Debt consolidation is exactly what it sounds like. All of your outstanding credit accounts are consolidated into one loan and one monthly payment. With debt consolidation, you take out a new loan and use it to pay off your creditors. It’s somethin

August 30th, 2010
Emily Young 
Tags: Debt, Debt Consolidation