Debt Consolidation Connection

Once you've found yourself in debt it may feel like a downward spiral from which you don't know how you'll ever regain your footing.  It's hard enough to find simple answers and may seem impossible when the collection agencies constantly call your house and threaten the security of you and your family.  Ultimately your decision to choose debt consolidation loans or a consumer credit counseling program to consolidate credit card debt, should be based on your own personal financial situation.

President Bush says he will sign the bankruptcy reform bill that will require credit counseling before individuals can file for personal bankruptcy-

Congress moves to make credit counseling mandatory before filing bankruptcy-

4/15/05 Bankruptcy Reform Bill Passes House- President ready to sign- new laws in effect-

1/3/06 Credit card companies raise monthly minimum payments, consumers squeezed- 

9/10/07 Sub-prime loan mess and upward adjusting mortgages rates puts more pressure on consumers-

9/18/07 Federal Reserve moves to ease current credit crunch and reduces key rates a half percent-

Free Debt Consolidation Quotes

Debt Consolidation can:

• Help avoid filing bankruptcy

• Eliminate creditor harassment

• Lower debt payments up to 50%

• Provide one monthly payment

Credit counseling, bankruptcy, consolidation loans all are possible tools to help you solve your debt problem.  Keep in mind that while they all can lower your payments, and provide relief, they also can have consequences.  For many individuals, credit counseling may be a very responsible course of action.  Credit counseling can set you on a new path to better finances, but it is not going to eliminate your debt problem over night. 

Credit counseling may not be the best option for every situation.  Educate yourself and consult with professionals.  Talk to a credit counselor to find out what it can do for you.  It is beyond the content or intent of this Web site to advise any individual that credit counseling is right for them.  Be responsible, learn about your options, and take action: 

For a free consultation from a Credit Counselor, please fill out the short form below and you will be contacted asap!