As credit is an essential part of much of our financial management, credit consolidation ensures that our creditworthiness never dips to a level that makes us ineligible for further credit. According to a study, over 70% of those who consolidate their loans through a debt consolidation loan find themselves in deeper debt than they originally were. If one starts missing payments on a debt consolidation loan, he stands to lose the asset (usually your home) that the debt consolidation loan is secured against.

It is interesting to note that the majority of individuals looking to go with debt consolidation companies do not even qualify for a consolidation loan due to the fact they don't own any property of value i.e. house, car, and land. However, there are many debt settlement services that provide guidance and debt rescheduling or refinancing facilities even without collateral. Usually, the logic behind such rescheduling is that some money returned is always better than no money returned!

Debt negotiation should always form an essential part of any debt settlement, as handsome discounts can be found during settlement. Many service bureaus help in this regard. In this section, we provide links to many such trusted debt settlement services. We also provide links to many guides and to-do resources.