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How To Use "Credit Card Consolidation" As A Method Of Debt Reduction

Is Debt Consolidation Refi The Solution To All Your Debt Problems?

All The Debt Consolidation Information You Ever Needed To Know

What Is A Free Debt Consolidation Service And Are There Any Risks Involved?

How To Get A Good Deal On Low Interest Debt Consolidation Loans

An Introduction To Debt Consolidation Solutions

Debt Consolidation Facts: Know Everything About Becoming Debt Free

Credit Card Debt Consolidation - A Credit Card Debtor's Perfect Solution

How To Get Rid Of Your Debt With Debt Consolidation Loans

How To Use Debt And Bill Consolidation Services

Debt Consolidation Programs - Join To Become Debt Free!

How Do Debt Consolidation Agencies Work?

Everything You Need To Know About Debt Consolidation Loans

What To Look For In A Debt Consolidation Company

Debt Consolidation Help: Become Debt Free!

How Does A Debt Consolidation Service Work And How Can It Help Me?

Why Should Kentucky Residents Consider Kentucky Debt Consolidation Companies?

Can I Really Begin The Debt Consolidation Process Today?

Secured Debt Consolidation - The Perfect Solution For Your Debt Crisis

What Is The Best Way To Pay Off All Of My Debts Using A Free Debt Consolidation Loan?

What You Must Know About Debt Consolidation Loans

Free Debt Consolidation: Get Relief From Debt For Free

What Is A Debt Consolidation Company?

What Exactly Is Personal Debt Consolidation?

Why You Should Opt For Debt Management Programs To Avoid Filing Bankruptcy

Why Should Montana Residents Consider Montana Debt Consolidation Programs Over Larger National Programs?

Is Debt Settlement Superior To Debt Consolidation?


It has always been a matter of competition for both the debt consolidators and debt settlement companies to prove themselves over each other. But somehow debt settlement has managed to stay ahead in this race of oligopolies.

What are debt consolidation programs?

Debt consolidation programs give you a loan to help you manage your way out of debt by allowing you to pay off your earlier creditors.

You are charged interest on it and at times even to your earlier creditors. Your principle amount remains the same, but you are still kept far away from clearing your debt.

In short, you don’t get to experience a debt-free life for a significant amount of time; and by the time you do, you no longer have a life.

This is why most people choose debt settlement over debt consolidation.

What is debt settlement?

Debt settlement, on the other hand, is your rescue ship if you are drifting toward bankruptcy. If you are already in bad standing with your creditors and your credit rating is low due to a lack of payment history, then joining a consumer debt relief group can be the best way to modify your debt to income ratio and stabilize your account ratings.

Looking at this new status of yours, where you have cleared your past debts with the help of debt settlement program, your future creditors will hold you in consideration.

And this definitely saves you from facing bankruptcy, which really should be your last option if you are in debt, as it is so damaging to your credit score.

The bankruptcy tag accompanies you for a very long time--almost seven to ten years after your filing for it. This takes away your financial freedom and books you as unreliable in the eyes of creditors. And this is precisely why debt settlement will provide you with a better solution
than debt consolidation.

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