Who is the Best Company for Debt Consolidation?Do you find the numerous terms applied to debt relief confusing? Perhaps you are under the impression that debt consolidation and debt management are the same? Maybe you believe that debt negotiation is somehow different from the other two? Not only can it be aggravating to find various terms about your debt relief solutions, but being in debt is troubling. You often feel out of control and irritable. You might have trouble sleeping. You may have trouble focusing on your work or personal life because you know that debts loom overhead. Why add to your aggravation? You do not need to because you can find the answers you seek here, as well as find 22 reviews of debt consolidation companies to help you get out of debt in a timely manner.
Debt Consolidation HelpOne thing you need to understand about consolidating your debt, you must be willing to pay their debts in full. In many cases, you can negotiate your debts down through a debt negotiation process. A negotiator will try to lower your debts to make it easier on you, but that does not always work. The idea behind consolidating your debt is to combine all your debts into an affordable loan.
If you have $10,000 on a particular credit card with an 18% interest rate, another for $15,000 at a 15% interest rate and another for $25,000 with a 20% interest rate, you are literally paying 53% in annual interest each year! There is no way you are going to be able to pay off these debts in a timely and some cases, never!
Debt consolidation will combine the entire $50,000 into one loan with one interest payment. It could be as high as 25%, but that a big drop from 53%
The whole idea is to lower your debts or at least provide a much lower minimum payment. If you have three separate cards and are paying $130, $200, and $125 for each card, you are paying out $455 each month. If you could get a minimal payment of $300 but are willing to continue paying $455, you will be paying more on the principle of the loan. This is why consolidating your debt works from some, but might not work for others. Understanding consolidating your debt will help you make the right choice for your particular needs with the right company.Since there are hundreds of companies promising debt consolidation services it can be hard to choose the right company for you. This is where I come in because I have reviewed numerous companies and get requests to review hundreds more. I only give you reviews of companies I trust, have vetted, and would use myself so that you can trust in these solutions.
National Debt Relief
Every company that proposes debt relief has something special about them, but some companies tend to have even more going for them than others. National Debt Relief is one of these companies with numerous awards, BBB accreditation and AFCC rankings too. National Debt Relief offers debt consolidation and other relief solutions to U.S. and Canadian citizens. It is a company founded in 2006 serving the greater USA. Only a few states do not have National Debt Relief for an answer to debt consolidation.In order to recommend this company to you as a money relief solution I spoke with staff members. I spent time at the company. I checked them out against a list of attributes I drew up and this leaves me highly confident in my recommendation to you. The staff members cared greatly about their customers and endeavored to steer them towards solutions that would work the best. Debt relief has to be about the best solution for you versus what you think is best and I believe National Debt Relief makes this clear. Click Here to Get A Free Consultation From National Debt Relief
Debt Consolidation with CuraDebtCuraDebt like National Debt Relief has a similar reputation and accreditation. Your financial needs like consolidating your debt can be taken care of through this company. They will work closely with your creditors to negotiate the terms of your settlement. Additionally, they offer other services in case debt consolidation is not right for you. Like most companies this one appeared on the scene around the same time as the other two recommendations provided here. The CuraDebt will also provide with the Business Debt Counseling and Tax Debt Relief. You have a company that is well-rounded in what they have to offer and ensure that you will be able to find relief from your money situation. Staff members at CuraDebt will look at your financial burdens, assess the situation and give you their recommendation. They will be honest about the solution that is right for you like debt consolidation. Here you can trust that staff members have your best interests at heart, but also look objectively at your situation.
American Debt Enders
American Debt Enders ranks number three for debt consolidation. It is no less of a company than National Debt Relief and Curadebt; however, I have decided to rank it as number three since they offer management, negotiation, and counselors. This company is also about solving your entire money issue such as overspending, yet I find for consolidating your debt I prefer National Debt Relief just a little more.National Debt Relief spends a bit more time helping, while American Debt Enders has become a great resource for online information. It is just a matter of different approach. In no way is one better than the other in terms of what they offer. It is just preference and that only one company can be in the top spot. If you want to find how you got into debt then American Debt Enders is the company for you. They take you back to the beginning, getting to the root of your spending issues and ensure that you can stay debt free throughout the rest of your life rather than having to keep looking for debt relief because of the same or similar mistakes. Here you get an all around education to debt consolidation. Click Here to Get a Free Consultation from American Debt Enders