There are basically two options when you are asking, how does debt consolidation work. If you have debt and you want to consolidate it, your options are a debt consolidation loan and using a credit counseling service. The big difference in the two alternatives is one of them is a loan and the other is not.

How does debt consolidation work with a loan? Most debt consolidation loans are secured and your home is normally the collateral. While this is an alternative for getting out of debt, I do not consider it a good one. The

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Introduction

Credit repair can produce dramatic results, potentially transforming the appearance of your credit reports and boosting your credit scores. Credit repair may even deliver major results in a reasonably short period of time. But it is not a magic cure for your credit woes; you will need to do some work. It

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Debt Counselling came into effect on 1 June 2007 with the introduction of the new National Credit Act or NCA.

Debt Counselling was introduced to provide a mechanism for solving the customer’s problem of being over indebt. It also provides a consistent system of debt restructuring, enforcement and judgement,

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