Debt Consolidation Services

Consolidate Your Debt and Evaluate Your Options For Debt Consolidation Services

Debt consolidation services can help you consolidate your varying debt into one manageable payment and even establish a payment schedule for you and your creditors. Typically, debt consolidation services such as credit counseling or debt settlement are alternative debt help options, in contrast to a debt consolidation loan or borrowing to pay off debt.

But do you know how to find and select the best debt consolidation service for your situation?

Bills.com has all the information you need to learn about debt consolidation services and the options and debt consolidation providers that can help you get out of debt. We can even help you find debt consolidation services in your area. Don’t let your debt spiral any longer. Find the debt consolidation services and information you need with Bills.com.

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Debt Consolidation Success Stories

Read a personal story about using a debt consolidation service and gain a better understanding of what's involved.
Debt consolidation services success story

Debt Consolidation Questions
  • How do I choose a debt consolidation service?
    First, make sure that a debt consolidation service is what you need. Do you own your home and have equity? If so, maybe a debt consolidation loan would be right for you. Evaluate your priorities: is a low monthly payment the most important factor? If so, debt settlement might be your best option. Afraid of collection calls or your credit score impact? in tht situation, credit counseling could be your optimal debt consolidation service. And finally, you need to research the debt consolidation service at various consumer protection offices, including the Better Business Bureau (BBB). This will give you an idea how honest and reliable their services really are. Fortunately, Bills.com has evaluated many debt consolidation services providers and can match you with a pre-approved provider, if you apply though the savings center at the top right.
  • If I use a debt consolidation service, will it hurt my credit score?
    There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help.
  • At what point do I need to hire a debt consolidation service?
    Debt consolidation services are helpful when your debt is out of control. However, it might not be to that point yet. You need to figure out if you can manage your debts on your own. This usually starts with budgeting. Bills.com has a Free Budget Guide. If you determine that your cash flow is not enough to get debt free on your own, or if you are only making minimum payments... then that is usually when you want to seek help from a debt consolidation services provider.