Due to our current economic crisis many people have found themselves in more debt than they can handle. When it comes down to managing your finances, not many people do this wisely and often obtain much more debt than their budget can afford. Most American citizens have experienced debt at some point in their lifetime. If your current financial situation mainly revolves around collect calls you can no longer tolerate or high bills you cannot afford, then it is probably time for you to hand your debt over to a debt consolidation company that can help clear a majority of your bills and provide you with an affordable loan in return.

Probably the most difficult part about this decision is trying to decide which debt consolidation company is right for you. The easiest way to find a reputable company is to consult with friends or family members who have went through this process themselves. It is always a wise decision to choose a company that can provide you with recent success stories, so you do not doubt the services they offer. If you do not know anyone that has went though debt consolidation don’t worry, you can always ask your local bank or financial institution for professional advice on finding a reputable company.

The next thing you can do is contact the National Foundation for Credit Counseling. They are a non-profit organization that can provide you with a list of reputable companies to choose from. Once you have this list, choose a few of the non-profit companies who are just looking to help you out and not charge a fee for their services. It’s crucial that you stay away from companies charging a fee because you will end up paying much more money than needed be.You do not need to be spending extra money that you do not have, that’s what got everyone here in the first place.

One of the most reputable non-profit credit counseling agencies is Consumer Credit Counseling Services (CCCS), which is operated by Money Management International. This company does a great job educating consumers on how to manage their credit problems, and also to make sure their clients do not run into the same problems in the future. They can help an individual manage their budget while at the same time coming up with a management plan to help lower interests rates on current debts.

It is important to be aware that there are thousands of debt scams operating across the nation that will advertise to struggling consumers. With the economy at it’s worst people in the financial industry are doing everything they can to make a dollar. they will lie, chest, and scam anyone they can to make a living.

To wrap things up, it is really not that difficult at all to find a reputable company that can help you with your debt problems. Just make sure that after you have completed this, do not go right away applying for a new loan or something of that nature. Remember you did this to help you get rid of debts, not obtain more.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, LoanSafe.org. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.