Capone asked:
I have heard there are a lot of rip off debt consolidation companies out there, and I am just looking for one that maybe you have had a gopod experience with. If you could give me some suggestions, that would be great! Thank you!
Fumiko Blouir
Before you start dealing with debt consolidation companies, get free counseling at a legitimate agency – one that is accredited by the National Foundation for Credit Counseling.
Credit counseling is a much better way to go. They can help you manage your payments by dealing with your creditors for you and you just pay one monthly payment to the agency. Often, they can negotiate lower interest rates for you and sometimes even get your debt reduced. Best of all, you can trust them.
The National Foundation for Credit Counseling (NFCC) has a website that will help you find a legitimate credit counseling agency. It also has a lot of helpful information that will help you to avoid getting ripped off.