Where can I go to consolidate all my debt to improve my credit?

I've slowly been paying off my debt but now I want to consolidate it all together and pay a low monthly fee...where can I go?





I'm scared of giving away my information to the wrong people.

Where can I go to consolidate all my debt to improve my credit?
To Be honest,It will take a little time to find the answer for the question of yours.have a look at the resource here http://www.DebtFreetips.info/debt-free.h... for your reference .



Reply:Borrowing more money is not neccesarily the best answer to being in debt. The only advantages of consolidation loans are that you then only have a single payment to worry about, and your monthly payment is generally lower. The downside is that you might actually end up paying more in the long run.





The reason a consolidation loan payment may be lower is that you will be paying back your debts over a longer period. Consolidation loans are only good if the interest rates on your current debts are particularly high and you can get a much better rate from the company offering the new loan.





There are tons of companies who specialise in consolidation loans. They will advertise on sites that discuss consolidation loans.
Reply:Consolidating your debt won't improve your credit.





If you take out a big loan to pay off all the debts, you have to be disciplined enough to not run up other debts. You also will pay more interest if you string out the repayment for a couple years.





Stay away from debt settlement companies. They will take your money and trash your credit completely.





You may want to consider credit counseling. Check here for a NFCC member near you: http://www.nfcc.org/. These are legit, non-profit companies that can review your finances and advise you how to proceed. They have debt management programs available for a nominal fee, if you qualify. They negotiate lower interest and payments so that you can pay off your debts.





You may actually be better off continuing on your own to pay off your debts. Concentrate on the highest interest rate debt first, while paying minimum on the rest. When the highest rate debt is paid off, move to the next, till they are all paid in full.