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Everyone wants to get out of debt quickly. Fortunately now with the internet there are many options available. Debt consolidation credit cards
is widely available on the net. You can get debt consolidation help through a non profit credit counseling agency or one that is for profit. Both can do a good job.

The whole area of consumer credit counseling is a large one. However, there are generally considered to be three approaches. The first is debt consolidation help. This is where all your unsecured debts are generally lumped together. The company you are working with renegotiates your interest rates and the principal balances with your lenders. Over time you pay off the balance. By having a lower balance and interest rate the debt disappears pretty quickly.

The second area is pure consumer credit counseling. This is where someone works with you to help you manage your income more effectively. The purpose is primarily to provide counsel not to necessarily get your debt paid off. This is followed by the third type of debt consolidation help which is referred to as a debt consolidation loan. This is usually a scam and when working with an entity that says they will give you a loan to pay off your debts, you need to exercise a lot of caution. You really don’t want to pay out fees for a potential loan that you probably won’t get.

Of all the three approaches, the most utilitarian is low interest debt consolidation where the entity you are working with like a non profit credit counseling agency negotiates with your unsecured lenders on your behalf. Outside of bankruptcy this is the best way to get out of debt quickly and it doesn’t have the longer term negative impact that accompanies a bankruptcy. Your credit rating may dip for a short while but then it starts to come back up quickly and before long you will have a credit score higher than you have had in a long time.