Simultaneously, we would speak to all your creditors to have interest and penalties you pay on your dues either eliminated or lowered. This way sum you owe would come down quite dramatically, in most cases by at least 40 percent. All your debts would also be consolidated so that you can settle them through one, lower monthly payment. That means you would be left with cash to spare, which you could use to speed up repayments or build up savings. Sticking to this plan would get you out of debt within a few years and your credit would also be rebuilt in process.

Managing money you already have more efficiently to pay off your dues makes more sense than borrowing even more to settle debt. If you feel need for credit counseling services, visit www.1-debt-consolidation-debt-reduction-service.com and fill out our easy online form.

Selecting debt consolidation company Most organizations will offer free credit counseling that can give you a good idea of its mode of operation, customer service efforts and negotiating expertise. Consider track record of company, interest rates offered, penalties if any and minimum amount payable. Also consider if company is friendly and allows you scope to change your mind within a day. Steer clear from companies that try to rush you or charge heavy penalties for missed or delayed payments.

Adjustments You will need to make various adjustments in your lifestyle to make most of this option. Check if consolidation company provides assistance and guidelines in helping you budget for your requirements. Improve your credit worthiness by paying bills on time, accumulating more income, reducing spending and getting a secured credit card. If you are not willing to change way you spend, you may end up accumulating more debt than you began with.

We at 1Debt have a dedicated team of workers to help you with counseling and consolidation services. Our negotiating team helps work with you and your creditors to make debt repayment a hassle free experience.