Are you drowning in debt from multiple creditors? Does it seem that everything is just too overwhelming? If you do, debt consolidation may be the answer. There is so much to learn about debt consolidation, so read this article to find out if this choice is for you.

Use a wide variety of criteria to help you in your selection of a debt consolidation company. Non-profit does not mean great. A good way to verify the reputation of a business is to consult with the BBB.

You may use a credit card with a low interest rate to consolidate smaller debts with higher rates of interest. This can help you save money and help to eliminate debts with high interest rates, while making it easier by turning multiple debts into a single monthly payment. Once your debts have been consolidated onto one card, you should work to pay it off before your introductory rate of interest expires.

Never borrow money from someone totally unfamiliar to you. A loan shark will take advantage of you. Choose a lender who is reputable, trustworthy and comes highly recommended.

You might be able to get some credit cards paid off if you take a little money out against your retirement fund or 401K. Only do this if you can afford to pay it back within five years. You have to pay taxes and fees for a penalty if this doesn’t occur.

Look for a quality consumer counseling firm that is local to you. These places will allow you to get help with your debts and may get every account put into one. Using consumer credit counseling agencies won’t hurt credit scores like going elsewhere for debt consolidation.

Find out if the debt consolidators you’re using are certified counselors. Check with the NFCC if you’d like to find counselors and companies that have a good reputation. This way, you’ll be more certain that you’re dealing with legitimate people.

Make sure you find a consolidation company that takes an individual approach towards their clients. If they don’t ask about your personal situation or push you to sign on the dotted line, back away. Find a debt consolidation counselor who will take the time to find a strategy adapted to your situation.

Be careful as you fill out debt consolidation paperwork. This is when accuracy really counts. Errors can result in the process being delayed, so be sure that you have filled everything out correctly.

Dealing with debt can be dealt with in a number of ways. If you think that you may need debt consolidation, use the information that you gained from this article to have the process go as smoothly as possible. With these helpful tips, your debts can become more manageable and you will be on the road to living debt-free.