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Many household budgets are being stretched today by job losses, job furloughs, increased interest rates on credit cards with lower credit limits and fast approaching interest rate resets on mortgages. Many people are struggling just to stay on top of their monthly obligations.

 The first question that most consumers must consider in this dire situation is whether or not they should consider approaching a credit counseling service to consolidate their monthly obligations.

If consumer counseling is a viable consideration for someone overburdened by monthly encumbrances, then it is also becomes necessary for that borrower to be properly armed with information that ensures they will employ a service that is legitimate and honest that offers a plan devised to alleviate the weight of financial obligations. Once a consumer has a list of bill consolidation companies, the first step is to call your local Better Business Bureau to see if there are any complaints filed against them by consumers. A second call to your State Attorney General’s Office should arm you with your state laws concerning debt collection agencies. Some states require these types of businesses to be certified and/or accredited along with their debt counselors by outside agencies.

The first rule of thumb is: if any agency requires you to pay for services before they have provided you any services, then just walk away as fast as your legs will carry you. As a client you should always be treated with respect. The agency should also provide you with information that outlines exactly how they intend to reduce your debt, the repayment plan and term along with the newly negotiated interest rate. Their fees should be clearly stated and also be a prominent feature in their contract. As in all business dealings, investigate, use caution and ask as many questions as necessary to ensure that your problem will be solved in a set period of time.

Finally, by a thoroughly researching and then comparing not one but many debt consolidation services, you are able to determine the one that meet your financial situation properly, plus the cheapest interest rate the market of debit consolidators is offering. Nevertheless, it's recommendable going with a seasoned and reliable debit counselor before making any decision, this way you save time because of seasoned advise & cash by obtaining better results in a shorter period of time.

H. Milla runs the website – visit and see his top rated debt consolidator service recommendation.

Tags: Debt, debt consolidation, debt relief, debts