subject: Total Debt Consolidation – How To Be Totally Debt Free [print this page] Total Debt Consolidation How To Be Totally Debt Free
Of all of the various debt reduction programs that are available these days, debt consolidation is perhaps the safest method in terms of saving one's credit score.
While every one of these programs are likely to immensely reduce one's debt, and while every program is likely to at least protect one's credit score, debt consolidation is notable because it is highly unlikely to hurt one's credit score and almost guaranteed to be able to get one completely debt free.
Aurora Lillo Editor of the "Best Debt Consolidation Services" website -- http://www.BestDebtConsolidationServices.net -- pointed out;
"...Consolidation is unique in that one is not trying to pay companies less than is owed. In fact, the first step of the program is taking out a large loan with which one is able to completely pay off all debts, meaning that the person will subsequently owe money to only the consolidation organization with which he or she is working. This organization will typically offer extremely low interest rates to attract customers, meaning that interest payments will be cheaper and a person will know exactly how much h or she owed ever month. Payments are typically very easy and consolidation organizations give much more leeway than banks in the length of time for which a person can stretch out paying his or her loan..."
Perhaps the best part of going with a consolidation organization to take care of financial responsibility is that these companies truly understand their audience. They know that people who come to them are in tough financial shape and are willing to deal with it. Most companies will not give negative feedback to the credit bureaus for one or two late payments and all of them offer some form of credit counseling, to help their customers out beyond just offering a loan. A typical company will offer the same interest rate to a customer regardless of what his or her credit score is, meaning that one can consolidate his or her debt even if he or she has a poor credit score. This can be quite a boon as one may have a poor credit score because of the quantity of debt that he or she has, and consolidating that debt and managing to pay it off may be enough to get back a good credit score.
"...In essence, the goal of these companies is to get their customer to be debt free. Consolidation is the best way to do this, and the most successful as well. A single loan with easy and cheap monthly payments is more than enough to help the average consumer get free of red ink..." added A. Lillo.
Further information about trusted and reputable companies for debt consolidation by visiting; http://www.BestDebtConsolidationServices.net
