Debt Consolidation
Debt consolidation (consumer credit counseling) is a creditor sponsored program to help people pay back their balances in full plus interest.
These non-profits can consolidate your credit card bills into one easy monthly payment through the non-profit debt management / consolidation plan.
You make only one payment per month and the agency sends funds to all your creditors. According to studies by the National Foundation Of Credit Counseling Agencies
less than 23% of people who start on a debt managment/debt consolidation plan actually finish it and pay off their debts.
Debt Settlement
is most often a much more effective tool for today's in debted consumer.
