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Consolidating your credit card debt

If you're unable to pay your creditors, filing for bankruptcy can help you get a fresh start by liquidating your assets to pay off your debts or create a payment plan.

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If you have multiple credit card accounts or loans, debt consolidation through a credit counseling service can help simplify or lower your payments.If you are unable to make payments on time, you could lose your home.To decide if debt consolidation is right for you, contact a credit counseling service accredited with either of these organizations: If you have a problem with a lender concerning debt consolidation, you should first contact the lender.Depending on your specific situation, debt settlement may be your best option.For example, you may be seeking credit card consolidation.Here, you will find out why negotiation may be a better option for you.

The process works within your monthly budget to find an affordable solution for you.

There are two main types of personal bankruptcy: A debt collector generally is a person or company that regularly collects debts owed to others, usually when those debts are past-due.

This includes collection agencies, lawyers who collect debts as part of their business, and companies that buy delinquent debts and then try to collect them.

This includes money owed on personal credit card accounts, auto loans, medical bills, and mortgages.

The FDCPA does not cover debts incurred in running a business.

Many states have their own debt collection laws that are different from the federal Fair Debt Collection Practices Act.