Spiralling in Debt

You don't have to own a home to qualify in the debt management program. You will be making regular payments to the consolidation and they will post it to your creditors. These programs are not consolidation loans. The consolidation company does not pay your creditors at the first place.

All your debt accounts will combine under one repayment plan in the program. You will have the facility to pay them at lower interest rates and most fees will be waived off. This way, your total balance will also go down. You will find better options to pick after the counselor reviews your accounts and your present income and expenses.

Hi tesch52, welcome to the boards. I concure with mcranberra but I do want to ad that you need to look at your financial picture as a whole. With that much debt you were probably living beyond your means, if so what are you going to do so that if you do consoldiate all this debt you do not accure anymore debt? You need to get a finacial plan budget working so that this won't happen to you again. good luck and keep posting

Maybe, a settlement will be a better choice in your case. The counselor will negotiate the total debt by half with your creditors.

Follow this link for some more option you have.

http://www.debtconsolidationcare.com/debt-solution.html