Do bills from credit card companies, doctors, your cable provider and your cell phone company stuff your mailbox? Are you struggling to pay all these bills, and are past-due notices sprinkled in with these bills?
Consolidating your debt might provide financial relief.
As the name suggests, in debt consolidation you combine several of your monthly debts into one new loan. The goal is to leave you with a single monthly payment that you can afford and to reduce the interest you are paying on your debt.
Its not surprising that many consumers might consider debt consolidation. Statistics show that credit card debt is rising across the United States. The Federal Reserve Bank of New York reported that U.S. households added $26 billion in credit…
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