By: Robert Harris
I just noticed that the 7th most searched for term on Google is 'Debt Consolidation". With the amount of debt load people are carrying, the rising unemployment rates, increases in the interest rates to home owners and credit card holders, its little wonder people are looking for ways to re-budget with lower monthly payments.
However, be aware that some of these debt consolidation services are ineffective, some give bad advice that benefits only them, and some are out and out scams.
If you're not able to pay your bills on time, before you sign on with a debt consolidation service, make an appointment with an attorney who deals in debt and bankruptcy. Most offer free consultations, so take advantage of that offer.
Just because you talk to a bankruptcy attorney doesn't mean you'll file for bankruptcy. But you should know your alternatives before you agree to make additional payments on debts you can ill afford.
To find out more about handling your debts, visit my website.