If you are looking for a debt consolidation program, there are a number of places you can look. However, you need to be aware that there while there are companies offering good bill consolidation programs, there are those that are offering bad ones. One thing you will notice is that it's rather easy to find and get help from the bad bill consolidation program companies and very hard to obtain help from the good ones.

This is the sad truth, and basically how it goes when money is involved. If you are not good at handling money, you end up dealing with less than reputable people and companies. If you know how to manage money well, you wouldn't even be looking for a bill consolidation program in the first place. If you are already in debt, though, what you need to do is make sure you can pay off your debt, and you can accomplish this by locating a good bill consolidation program.

Many finance companies exist for the sole purpose of providing bill consolidation programs. What these companies do is assume all your debts, discuss with you what you want eliminated, and then they write a check out to you for the amount of debt you want consolidated. Basically, you can pay off all your debt with that one check and then you have to pay the company every month.

Sounds great, doesn't it? If your credit is still good, most experts would advice you against going this route. There are other better options for you if your credit is still good. If you have bad credit, be aware that this type of bill consolidation program is only going to be more of a problem than a solution. It's because these companies take credit card debts at 20% interest and then pay those debts off with a 25% interest rate to you. While you make lower payments every month through a bill consolidation program, you will actually be paying the company over a period of 10 to 15 years. If there is another way, a much better way for you, then you should avoid this type of bill consolidation program.

What you can do is approach your bank or credit union. Let them know that you wish to talk about the bill consolidation program they offer. If your credit is good or if you have something to put up as collateral (e.g., home, car, or any valuable asset), a bank or credit union is going to be willing to work with you. After all, they are in the business of getting people to put their money with them. This is actually an option you should consider before a bill consolidation program.