Debt Consolidation is a technique by which a consumer lumps all of their debt together in an effort to obtain lower payments through lower interest rates, reduced/eliminated late fees, and perhaps longer terms. There are basically two types of debt consolidation services: 1) A loan taken out by the debtor to cover all of their outstanding debts. The debtor uses the loan to pay off all of their outstanding debts and then just has to deal with making the one loan payment. 2) A debt consolidation service provider which will negotiate with a debtor's creditors and obtain the most favorable terms possible. The debtor makes a monthly payment to the service provider who then makes payments to the debtor's creditors in an agreed upon apportionment. There are pros and cons to each type and the consumer is encouraged to use the links in this category in determining what is best for them.
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- American Debt Resources A debt consolidation and counseling firm helping clients become debt free.
- Credit Advisors Provides fee-based debt counseling services.
- Cambridge Credit Counseling National firm offering a debt consolidation plan.
- Academic Loan Group Consolidation of student and parent plus loans.
- Corporate Turnaround Provides debt restructuring services to financially struggling businesses.
- OneSimpleLoan Offers student loan consolidation, reconsolidation, Federal and private education financial aid loans.
- Fundamental Financial Student loan consolidation for medical, law, business and other graduate school professionals.
- Consumer Alliance Processing Corporation Debt management service provider for consumers and agencies.
- Full Circle Debt Solutions Canada based debt management firm.
- CRS Financial Services Debt Management firm assisting consumers via budgeting and debt consolidation services.
- Credifix Inc. Alberta Canada based debt management company providing service to individuals experiencing stress due to debt issues.
- Debt Mediators Australia. Provides debt consolidation assistance in Australia.
- Crisis Credit Counseling Provides debt consolidation & settlement services for consumers.
- AmerAssist Debt restructuring for businesses.