This is especially true when debt consolidation allows the consumer to better meet their obligations and get back on their feet financially.
It's important to remember that after debt consolidation, consumers should closely monitor their finances and avoid taking on any new debt.
Debt-management programs -- or DMPs as insiders like to shorten it -- are one tool in the credit counselors' kit.
When Norm Bour was 24, credit was so hard to come by he couldn't get a gas station company credit card without begging.
While it's important for you to get a handle on your debt, how you go about it is just as important.
You can’t borrow your way out of debt in the same way you can’t get out of a hole by digging out the bottom.
Getting out of debt isn’t quick or easy, but it’s the first step to achieving lasting financial health. It simply means you’re taking out one loan to pay off a bunch of loans—or consolidating the debt to one payment.