The number one cause of debt among Americans is credit card debt.
For most Americans, the problem only gets worse because they do not know how to get out from under all this debt.
In fact, it is so bad that many people are literally kept awake at night due to fear and worry concerning their debt.
There is good news through.
You, as an American consumer, can use debt consolidation to your advantage.
What is debt consolidation? It is a process that allows your outstanding credit card bills to be consolidated down into one loan.
Most importantly, the monthly payments of that loan are affordable and it comes with a low interest rate.
Basically, the debt company pays off your loans and then you are responsible for paying them.
If the minimum monthly balance requested by your credit card companies is just too high, consolidation is the perfect debt relief choice for you.
Since you need to use the services of a debt consolidation company, you are likely to turn to the internet.
This is good, but do not choose the first company you see and don't believe everything you read online.
When possible, opt for a company that is part of a larger network or association.
These groups track the progress and performance of companies within their affiliation, which should mean better results, comfort, and peace of mind for you.
In addition to using debt consolidation to your advantage, you can also use this type of settlement too.
In fact, some companies will help you acquire both.
What they do is haggle with your creditors to get the amount of money you owed reduced.
When this happens, your creditors are willing to accept less money.
This means the debt consolidation company pays them less money and you, in turn, have to pay the debt consolidation company less money too.
Basically, everyone wins!