http://www.debtconsolidationstand.com/debt-consolidation/debt-consolidation-firm.html Debt consolidation firm and law firm: not the same thing. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 That's right. A debt consolidation firm and a law firm are not the same thing. A debt consolidation firm helps you get out of debt through a debt management program. A law firm helps you out of debt by helping you file for bankruptcy. A debt management program and bankruptcy are radically different, and they each have radically different effects on your credit report. What a Debt Consolidation Firm Can Do For You The most popular way to get out of debt is through debt consolidation. Through this process, a debt consolidation company contacts your creditors to get your balances reduced and to get you reduced interest rates. Then they consolidate your balances into one, and you make one monthly payment to the debt consolidation company each month. The debt consolidation company distributes that payment to your creditors for you, and you end up being debt free in about five years. A good debt consolidation company will suggest a credit counseling program to go along with your debt consolidation plan. A credit counseling plan will teach you how to budget and how to use credit wisely so that once you are out of debt, you can stay out of debt. Finding a Debt Consolidation Firm If you want the best deals from your creditors, why not call them and ask which debt consolidation firms they prefer to work with? Chances are, there are companies they've worked with before, and they trust them. If your creditors are willing to work with these companies, shouldn't you be willing, too? You can also find a debt consolidation firm on the Internet. Just perform a search and see what you can find. Complete some of the secure, online forms that these companies have on their websites. Within 24 hours, you'll have recommendations and offers from them that you can compare and contrast to make an informed decision. There's no obligation by completing and submitting these forms, so you've got nothing to lose! Get started with help from a debt consolidation service today! Sat, 26 Jul 2008 15:00:00 EDT