http://www.debtconsolidationsavior.com/debt-consolidation-programs.html Debt consolidation programs can help get you out of debt in five years! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 When it comes to getting rid of debt, many people turn to debt consolidation programs. How Debt Consolidation Programs Work You've heard all the hype about debt consolidation programs, but you don't really know what they are. Allow us to enlighten you. First, you have to find a good debt consolidation company. Since there are so many debt consolidation companies out there to choose from, and it's hard to know which ones are reputable and will do a good job, call your creditors and see if there are any they suggest. You can remain anonymous when making this phone call if you want. Or call a credit card company that where you aren't a customer and ask them. Who knows? Maybe they can even suggest a company that offers free debt consolidation programs! (These aren't totally free, but usually a portion of them is.) Once you've found a good debt consolidation company and enrolled in one of their debt consolidation programs, a debt consolidation specialist will contact your creditors to get your interest rates lowered and try to get past fees removed. All of this negotiating results in lower balances, which the debt consolidation company combines into one. Then you make one monthly payment to them, and they distribute it among your creditors. As a result of the lower interest rates and reductions, you can be debt free in five years through debt consolidation programs. Other Benefits Other benefits of debt consolidation programs include improved credit and the end of creditor harassment. Debt consolidation programs can improve your credit because once your creditors have received a few on-time payments, your debt consolidation specialist will ask them to report your accounts as current instead of delinquent. That's an instant credit boost! And as far as the end of creditor harassment, legally when consumers enroll in debt consolidation programs, they are required to contact the debt consolidation company about it. So enrollment in debt consolidation programs will give you back your freedom from the harassing phone calls of creditors. Sat, 26 Jul 2008 15:00:00 EDT