Thursday, April 22, 2010

News : Debt consolidation, consumer credit counseling options for improving finances

Debt consolidation, consumer credit counseling options for improving financessource:debtconsolidationconnection.com
By Marvin Milner on Apr 21st, 2010

When facing a troubling debt situation and dwindling finances, people may consider options like debt consolidation or consumer credit counseling.

In a recent piece for her website, personal finance expert Liz Pulliam Weston showcased a letter from a reader whose credit dropped after a foreclosure. Furthermore, the reader faced a reduction in salary after finding a new job and was curious as to how consumers in such a situation can start rebuilding their credit.

Pulliam Weston noted one option for consumers is debt consolidation. Through debt consolidation, people may be able to lower the amount of interest they pay on credit cards, which can help them get out of debt faster. ...

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