Debt consolidation

You can go for a debt consolidation loan in order to consolidate your debts and pay them off. However, in order to get a debt consolidation loan, you should have excellent credit scores and good income. Unless you satisfy these criteria, you won't be able to qualify for this loan. However, if the total amount that you owe is too low, you won't be able to qualify for this loan.

You may even consider the option of debt consolidation program in order to consolidate your bills. You can contact any local debt relief company and enroll for their debt consolidation program. The debt consultant will negotiate with your creditor and help you to get an affordable payment plan. You will have to send the monthly payments to the company who will in turn distribute it amongst your creditors.