Non-profit debt consolidation companies can help you rebuild your credit. By managing your payments and creditor relations, they can get you out of debt sooner. They can also lower your rates on some types of debt, such as credit card accounts. Not as detrimental to your credit score as a bankruptcy or foreclosure, debt consolidation can get you on the right track.

The Goal Of Non-Profit Debt Consolidation Companies

Non-profit debt consolidation companies are designed to help consumers get a handle on their finances. That said, not all non-profit debt consolidation companies are legit. One should research several companies before signing any contract.

A genuine debt consolidation company will give you plenty of information and be upfront about their costs. They will give you specific pay off dates on each of your accounts. They will also explain how the process works.

How Your Credit Is Rebuilt Through Debt Consolidation

When you first start to work with a debt consolidation manager, it will take a couple of months to make sure all your accounts are being handled. It