Ask the debt consolidation company what they will say to your creditors

Ask the debt consolidation company what they will say to your creditors. They will negotiate on your behalf, but make sure that the terms they are going to offer are terms that are acceptable to you. You don't want to get into a worse financial situation than you already are in.

The best loan to get when you want to consolidate your debt is a secured loan. You will find that interests rate are lower and you are able to attain more capital. If you attempt to get an unsecured loan, you may end up in a worse situation than you started off in.

For debt consolidation, you can borrow against your life insurance policy. The good thing about this is, you do not have to pay the borrowed money back if you do not have it or you don't want to. Instead, it will lower the amount paid to beneficiaries upon your death.

Check out the national accreditation organizations which exist and choose a debt management company from their ranks. These organizations vouch for their members, so you can be sure that any company which works with them will be on the up and up. This is important when dealing with such dire financial issues.