If you've been declined for a loan by your bank or credit union and are wondering what other debt consolidation options you have, you should talk with a non-profit Credit Counsellor. They'll sit down with you or talk to you over the phone for free, take a look at your financial situation, lay out for you the options that are available to you, discuss the pros and cons of these options, and then help you figure out what option would be in your best interest based on your personal financial goals and objectives. Here are some of the key advantages of this kind of a program: All your creditors agree to consolidate your credit card payments into one monthly payment that fits your budget. The credit counselling agency negotiates all of this with your creditors. Most major credit card companies will reduce your interest rates to 0%. Others will dramatically reduce their interest rates for you. The idea here is to help you get your credit card debt paid off in 2 – 5 years. Your Credi...
