If you were to type the words “debt consolidation info” into an Internet search engine, you would discover literally thousands of listings. Most of these debt consolidation companies offer grandiose claims describing how they can cut your credit card bills, assist you with avoiding foreclosure, and stop harassing phone calls from creditors. Unfortunately, the promises are often far removed from reality. When seeking debt consolidation info, you are far better off dealing face-to-face with a trusted source. Debt consolidation can be a viable option for some people, but it is certainly not for everyone.

The first step in acquiring debt consolidation info in the United States should be the Consumer Credit Counseling Service (CCCS). This is a reputable, non-profit organization that provides credit counseling and informed suggestions on debt management. Your first consultation with the CCCS costs nothing, and they may provide you with the knowledge to deal with your debt on your own. They will also be happy to provide debt consolidation info. The CCCS also offers a Debt Management Program (DMP) at a low monthly cost, with a one-time set-up fee.

You should not be afraid to comparison shop in your search for reliable debt consolidation info. Often, it is far better to schedule a meeting with loan officers in your personal bank or credit union to discuss options. Depending upon your situation and credit history these financial professionals may or may not provide a debt consolidation loan, but they will very likely advise you on solutions. If the financial institution with whom you regularly do business is unwilling to give you a loan, then pay a visit to their competitors. They might just be more helpful, in the hope that you will transfer your account to their company.

Approaching a trusted financial source is always preferable to conducting business with an unknown firm when you feel debt consolidation is your best route. You should remember that the companies that advertise on radio, television, and the Internet are in the business to make a profit. The basic programs are similar – compiling all or some of your outstanding loans into a single debt and extending the payment schedule – but most firms specializing in debt consolidation either charge a high, monthly fee or take a percentage of your monthly payment. If you do deal with one of these enterprises, take your time and be very certain that you read the fine print. Your goal is to eliminate your debt, not increase it.