If you are having a difficult time managing your finances and your debt is piling up, you should compare bill consolidation programs.
There are many companies and nonprofit organizations available and they can help you free yourself from your debt.
A debt consolidation program can help you avoid filing for bankruptcy.
Bankruptcy will damage your credit and it will stay on your credit report for several years.
You can use a debt consolidation program to pay off your medical bills, major credit card bills, store charge cards, and other kinds of unsecured debts.
Keep in mind that the companies that offer these kinds of programs hire experienced debt counselors.
The debt counselors will contact your creditors in order to lower or eliminate the interest rates on your accounts, so you can save a significant amount of money by using their services.
It is important to note that debt consolidation programs will not damage your credit score and they will consolidate your debts into a single monthly payment.
These companies do charge fees for their services, so you will have to shop around until you find the best deal.
Credit card interest rates are sky high, and getting out of debt can be difficult and almost impossible for most people.
However, many people have gotten rid of their debt in just a few years by using bill consolidation programs.
Please note that you will not be able to use your charge accounts when you are registered for this kind of program because the company's goal is for you to become free from your debt completely.
Additionally, many companies offer credit counseling to the public.
Their counselors will take a look at your finances and your situation and they will design a plan that suits your lifestyle and your needs.
Some companies will require that you complete a course, which will teach you how to manage your finances responsibly.