Many of Americans today face the problem of debt. In fact, most young adults get their first credit card as soon as they turn 18! On average most americans are over $9000 in cumulative debt in their household. A look into why this is happening.

Did you know that upwards of about 89% of Americans are indebted to credit card companies! Is this really a way to live? In the last 5-10 years there has been a rapid growth of debt consolidation firms pop up nationwide.

Along with debt comes other problems too. Those in debt often suffer from strings and strings of harrassing debt collector calls. They fear losing their home, their car and their belongings. It is a fact that households with a significant amount of debt suffer more from depression and anxiety much more than those without debt. On the reverse side of that, depression can lead to actions which can lead to debt. People who fear they have nothing to lose have more of a chance of acting in desparation. Debt almost resembles that of a plague in which it affects everyone and spreads. One solution for debt is a process called Debt Consolidation.

Debt consolidation is a process in which you combine all of your accrued debt from various creditors and compile it into one lump sum with one creditor. In turn, you are lowering your interest rates, and your monthly payments. Debt consolidation firms will also