Free Debt Consolidation Program

A free debt consolidation program isn't always free, but it's not a bad deal either.

Free Debt Consolidation Program

Looking for a free debt consolidation program? Then you should know--there's no such thing as a free lunch.

What's Free About It?

When you see an offer for a free debt consolidation program, chances are it's not entirely free. But that doesn't mean a free debt consolidation program is necessarily a bad thing. In fact, some free debt consolidation services charge lower fees than other debt consolidation services. So what's free? It depends on the company that's offering the free debt consolidation. For instance:

• Some debt consolidation companies might offer a free debt consolidation program as an introductory offer, similar to how gyms offer to waive membership fees in January to try to get more members.
• Sometimes a free debt consolidation program might mean your initial consultation is free.
• Sometimes a free debt consolidation program just means your first month's dues are free.
• Some debt consolidation companies suggest credit counseling as part of their debt consolidation program, but you usually have to pay for it. But a company offering a free debt consolidation program might offer credit counseling for free, and that's the free portion of their service.

As you can see, the whole free debt consolidation program isn't always free. There are lots of portions of it that can be free though. The companies offering free debt consolidation programs know that you are not made of money, otherwise you wouldn't be in debt and looking for free debt consolidation, so the fees they do charge are based on what they think you can afford after going over your finances in detail.

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