http://www.aboutcreditcarddebt.com/debt-consolidation/american-debt-consolidation.html American debt consolidation is the key to getting millions of Americans out of debt. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Americans now owe over $8 billion in credit card debt, making the need for American debt consolidation greater than it has ever been. But a lot of people don't know about American debt consolidation programs. In fact, most don't even know that American debt consolidation exists. So, What is American Debt Consolidation? American debt consolidation bundles all of your unsecured debts (meaning credit card bills, department store credit card bills and even medical bills) into one monthly payment at a much lower rate of interest. Here's how it's done: Let's say you're in debt (there's a good chance of that if you're visiting this site) and you search the Internet using the term "American debt consolidation." You will find an overabundance of companies offering debt consolidation programs. You click on one, fill out the no-obligation online questionnaire (which is secure, in case you're wondering) and within 24 hours or the next business day, a representative from that company will contact you. At that point they will have had time to assess your financial situation to provide you with the best recommendations they can. Next, with your permission, they will contact your creditors to explain that you are enrolling in a debt consolidation program. They will negotiate with your credit for lower interest rates and monthly payments, and in some cases, they can even get past fees like late fees and over-the-limit fees eliminated. Next, the representative will bundle all of your unsecured debt payments together and you will make one monthly payment to the debt consolidation company. They, in turn, will divide your payment among your creditors. You benefit from the lower interest rate because now more of your payment goes towards the principal amount instead of interest. With an American debt consolidation program, you can be debt free in 3-5 years instead of the 18-20 years it would take for you to get out of debt if you just paid the monthly minimum. And that, my friends, is how American debt consolidation. What Kinds of Debt Programs Are Available? As far as debt consolidation goes, you could search on "American debt consolidation,""Florida debt consolidation,""credit card debt consolidation""New York debt consolidation" or even just "debt consolidation" and get similar, if not the same, results. All debt consolidation programs work the way the one described above works. There are other programs though. A homeowner can get a debt consolidation mortgage. Student loan debt consolidation can benefit those with outstanding student loans. Debt settlement is an option in which you end up paying only 80% of your outstanding balances and your creditors then consider the debt settled. There's even an option for people with bad credit: bad credit debt consolidation. Check the resources on our site or surf the Internet to see if American debt consolidation is for you, or if another debt program would work better. There are a lot of companies to choose from. Finding the diamond in the rough among the debt consolidation services is key. It just might be that a debt consolidation loan could be the answer to your debt troubles. Sat, 26 Jul 2008 15:00:00 EDT http://www.aboutcreditcarddebt.com/debt-consolidation/new-york-debt-consolidation.html New York debt consolidation -Take a bite out of your debt with help from the Big Apple en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.aboutcreditcarddebt.com/debt-consolidation/florida-debt-consolidation.html Florida debt consolidation is here to help Floridians and non-Floridans alike. Can it help you? Probably. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0