Credit card consolidation is the process of rolling all of your unsecured credit card balances into a single loan with a new lending institution. The objective of such an arrangement is to obtain a lower monthly payment and a better interest rate. However, it is important to make your choice carefully when selecting from among the multitude of lenders who provide such loans. Below are five companies you should consider when seeking consolidation services:
- Care One
Care One is a company that offers a broad range of financial services. However, they specialize in credit card consolidation and are recognized for helping those in financial situations. If you have found yourself in a tangled mass of credit card debt that you cannot reasonably hope to pay, this company is probably the best choice. In addition, the company hosts an online forum where clients can obtain finance management tips and read a monthly newsletter that offers helpful information for those who wish to avoid creating the same problem in the future.
- Credit Solution
Credit Solution is one of the top debt consolidation companies in the United States. They have received awards for customer service and employ highly trained staff members. The entire staff has taken a series of classes and tests in order to ensure that they can offer the best possible advice and recommendations to their clients.
- Curadebt
Curadebt is another choice if you have determined that you need to consolidate your credit cards and get your debt under control. They have a good reputation in the industry and are a favorite among clients who prefer to speak over the telephone, rather than communicate through e-mail or live chats. The overall client satisfaction rate is high as well.
- Federal Credit Union
Federal Credit Union is one of the oldest debt consolidation companies in the United States and has been in operation since 1925. They have embraced a motto of “value, service, and experience you can trust,” and, according to various debt consolidation company review sites, most of their clients agree that they live by this motto. The company's longevity and sterling record with the Better Business Bureau indicate that you are placing yourself in good hands if you select this company.
- American Debt Consolidation
The American Debt Consolidation Finance Company is known for low fees and exemplary customer service. In addition to their primary service, which is credit card consolidation, this company offers extra help in the form of free money management classes.
If you are drowning in credit card debt and have no reasonable hope of repaying monies owed to your lenders, you should contact one of the aforementioned companies. Regardless of which lending institution you choose, your main goal should be to obtain a payment that is realistic for your budget and lifestyle and avoid making the same credit mistakes in the future. Anyone facing insurmountable credit card debt should pursue consolidation as soon as possible.
