http://www.debtdude.com/debt/debt-consolidation-companies.html Debt consolidation companies exist to help you save money. Learn more about debt consolidation companies here and now. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Is your debt eating you alive just like the Blob did in that old movie? Debt consolidation companies can make it stop. How Debt Consolidation Companies Help If you have bugs, you call an exterminator. If you have plumbing issues, you call a plumber. Electrical problems? An electrician. Out-of-control fire? You call the fire department. In fact, for just about any situation you can't handle on your own, you get professional help. So, if your spending has spiraled out of control and caused you to have a great amount of debt, why haven't you sought out help from one of the many debt consolidation services available online? Debt consolidation companies have many programs designed to get you out of debt in five years or so. The most popular of these plans is debt consolidation. This is a process through which a debt consolidation company contacts your creditors to get you reduced balances and lower interest rates. Then they bundle the new balances together into one, and you make one monthly payment to the debt consolidation company, who in turn distributes that payment among your creditors. You save a ton of money on interest this way, which is how you get out of debt in about five years. And if you're at the point that your creditors are calling and sending you threatening mail, a debt consolidation company can make that stop too. Debt consolidation companies also offer other debt management programs, such as debt consolidation loans, debt consolidation mortgages, debt settlement and student loan debt consolidation just to name a few. Finally, most debt consolidation companies will suggest you get some credit counseling to go with your debt management program. This will teach you skills like budgeting and how to use credit wisely. These skills will teach you how to stay out of debt in the future. Sat, 26 Jul 2008 15:00:00 EDT