Consolidating pay day loans
Each one has a distinguishing feature that makes it an appropriate – or inappropriate – solution for your problem.
It’s up to consumers to sort through the choices and determine which company meets the goal of eliminating debt.
Some companies maintain in-house debt counseling to assist consumers.
Others refer clients to a network of companies, credit counselors and debt attorneys that offer solutions.
Counselors are trained and certified by the National Foundation for Credit Counseling.
Comments Debt management program requires commitment and patience.
Companies that do debt consolidation have a variety of methods they use and it’s vital that consumers understand the differences in each plan.
Debt management, debt settlement, debt relief and debt negotiation are all bona fide plans for consolidating debt, but there are differences in the approach used to get a result.
compiled information on six of the top debt consolidation companies in the United States and reviewed them based on services, fees, and reviews from the Better Business Bureau.
The ratings, plus tips on how to choose a debt consolidation company, are below.
The star rating below is based on Debt.org’s review of each organization’s fees, transparency, Better Business Bureau rating and complaint history.
Company Description In Charge is a 501 (c)(3) nonprofit that specializes in credit counseling and debt management programs.