Consolidate My Credit Card Debt Articles & News
The Truth About Debt Consolidation Loans?

There are plenty of mortgage companies out there that will try to trick you into consolidating your debts with a so-called debt consolidation loan. You should never confuse a credit counseling program with a debt consolidation loan, though many companies would like you to!

In most cases, a credit counseling company is operated by a not-for-profit organization that will contact your current creditors to negotiate more favorable repayment terms on the accounts you sign up to their program. In addition, they can have your interest rates lowered and late fees eliminated. They also offer their application free of charge so you can be contacted by a credit counseling professional who will explain the services to you in detail.

Most debt consolidation loans are just home equity loans in disguise. You use the money from the loan to consolidate your unsecured debts into one secured debt. The problem with this situation is your home is not the collateral for all your debt. If you fall behind on your payments you can lose your home!

Consolidate your credit card debt, as well as other high interest unsecured debts today and save! Fill out a free application.

Additional Credit Card Debt Articles
Credit Card Debt Consolidation Programs - Do You Need Credit Counseling?
The Truth About Debt Consolidation Loans - Credit Card Debt, High Interest Rates
Credit Counseling and Debt Consolidation - Credit Counseling Company Information