Who Are the Top Debt Consolidation Advisors?

katleho Seisa/Getty Images

Debt consolidation advisors and companies typically evaluate your high-interest debt and financial resources and develop a plan to cut the high interest rates and get you a lower monthly payment. In short, what they do is take charge of your debt, leaving you with a lower interest rate that allows you to make lower payments and still pay off your debt. It’s important to note that debt consolidation loans are different from debt consolidation counseling advisors.

Debt consolidation loans are loans that must be approved by credit grantors, with the proceeds paying off some or all of your existing debt. If the loan doesn’t fully cover your debt, you still have other monthly payments in addition to the loan. When it comes to debt counseling and debt consolidation companies, it’s critical to understand that they are not all the same. Some companies come highly rated by reviewers and financial experts. While rating any company or service is a bit subjective, a few companies definitely stand out from the others.

ADVERTISEMENT