To consolidate credit debt, you have two options, you can get a loan, which is likely if you're out of a job, or you can use a credit counseling to help you get your card credit debt under control. There are two types of credit counseling services, for-profit and nonprofit. There are renowned companies in the two forums, but there are those who are not known, so it is important that you have provided debt consolidation information as possible before choosing a company. You want to make sure you have confidence in the good company with your money.
To determine what company to choose, you should use the Internet to find out what others are saying about the company. Most reputable companies are registered with the Better Business Bureau, which is available online and you can immediately see all the complaints and how they were resolved. Of course, you can also search for the company of your choice and get their information on debt consolidation in this way. People are not afraid to talk about their experiences, it is sufficient to ensure that you access a site that is not affiliated with credit counseling.
Once you have determined that the debt consolidation information that you received from a company is what you need for you and your family, then the company takes credit counseling actions. They negotiate with your creditors to eliminate your interest rate and close your account. Then they payment terms, generally at a lower cost than what you are currently paying. You then pay the credit counseling company a lump sum, and they distribute it to your creditors. A fee for the company is included in your monthly package and this fee varies depending on what company you choose to use.