Have you seen how many ads pop up online if you go looking for credit debt consolidation? Even your favorite TV shows are plagued with credit solutions. So can they really do what they promise? Even if you’re in debt up to your eyeballs or missed payments for months, these companies claim you can consolidate your debt in and regain good credit. Sounds like a magic wand to me since they virtually promised you will have, “Just one easy monthly payment!”

CSA-Credit Solutions of America, Inc. on their website recommends that you don’t do debt consolidation. In fact they say something like this. “Credit debt consolidation is a mistake many debt-burdened consumers make when searching for debt relief. Credit debt consolidation involves you obtaining a loan, after passing a credit check, and using the proceeds to pay off creditors. This process often leads to more debt and it worsens a borrower’s financial situation.”

I don’t know about you but for some another loan is the last thing they need. Even if it promises to reduce debt and help you have just one payment.

Other companies legitimately help people with bad credit consolidate their debt into one loan. There fees are usually reasonable upfront fees. Watch out for firms that make extravagant claims, and make sure they offer professional references on request. Remember there are plenty of companies that prey on your fears and appeal to your hope that somewhere out there lies an quick solution.

To me if you got in debt once you are likely to do it again so don’t you want to learn how not to do it again? So would I give CSA my thumbs up? While they aren’t a credit debt consolidation service they do offer things shining things.

The provide a learning center
Offer Articles which keep you up to date on how to live debt free
Their services offer something called debt free today
Promise to help you regain financial control
Avoid Risks of Using Home Equity

The bottom line is do you feel a service meets your needs. CSA is worth taking a look at Credit Consolidation Now – DebtFree 12-36mo – Lower Your Bills 60%

Share This