As more Americans suffer from overstretched budgets, job losses, and being underwater on mortgages, ads for debt consolidation abounds. It seems like a good deal, but should you take advantage of it if you’re having trouble paying bills?
You have some option that don’t require hefty fees.
First, check with a nonprofit consumer credit counseling service. Or, if it’s the mortgage payment that’s bogging you down, contact your lender. You can also try a local housing counselor from the US Department of Housing and Urban Development–http://nhl.gov/offices/hsg/sfh/hcc/hcs.cfm