Dealing with any kind of debt can be stressful and there are times you might think that your problems are so big that there is literally nothing you can do to get out of them. This is where debt consolidation companies come in. There are ways in which you can consolidate you debts into payments that you can afford to make monthly. This adds up to improve your credit score at the end of the day. When you are deciding which of the debt consolidation companies you should choose, you should go by recommendations.

This is the best way to find debt consolidation companies. This is true because nothing is more trustworthy than word of mouth and if any of your friends or close family have used any of them, they can vouch for their services. And if they have managed to give them a good service then you can be assured that you will get a good service as well. You can also contact the National Foundation for Credit Counseling for more information about the debt consolidation companies that are available in and around your area.

You have to select a company that is non-profit first and foremost. Most of the for-profit companies are not legitimate and more likely will be a scam. They will take all your personal information and either use it against you or sell it to someone else. So you have to be very careful. You can also check with the state’s attorney general. They will tell you if one of the debt consolidation companies that you have chosen have any complaints against them or not. You can also check this same information with the Better Business Bureau in your area to see if there are any complaints with the company that you have selected. You can also check the company’s reputation here. This will also tell you if the company that you have selected has a license to do business in the state.

You should always ask lots of questions to any of the debt consolidation companies before you sign up with one. You can actually think of it as a formal interview wherein you can tell how good or bad the company really is; if you actually feel comfortable enough working with them and that you trust them with your most personal information. The debt consolidation companies should ideally look at all your financial documents thoroughly and finely before offering you any kind of solution to the crisis that you are facing.

If the company just listens to you and your problem for less than five minutes and offers you a solution, then it’s not the company for you. A good company will go through all your documentation and financial information, this can takes weeks sometimes, but then after all that they will offer you a solution that works for you. You should also decide with your counselor, the best way in which you can pay off your debt. Some of your options might include taking out a personal loan, or even go so far as to remortgage your house or even a home equity loan.