Debt Consolidation Resources

Are you considering the possibility of consolidating your debts? If you're struggling to make headway on your debt, consolidation can be a very helpful tool.

Before you take the leap into debt consolidation, make you understand what you're getting yourself into. 

General Knowledge

Content designed to help you understand if you're a good candidate for debt consolidation.

Is debt consolidation going to help you?

The dangers and drawbacks of debt consolidation

Pros and Cons

Content to help you decide which method of debt consolidation is best for you.

Pros and cons of consolidating debt with an unsecured loan

Pros and cons of consolidating debt with a home equity loan

Pros and cons of consolidating debt with a mortgage refinance

Pros and cons of consolidating debt with a debt management plan

Pros and cons of consolidating debt with a balance transfer

Pros and cons of consolidating debt with a debt settlement program

Credit Impact

Content to help you understand how your credit may be impacted by major forms of debt consolidation.

Credit impact of a debt consolidation loan

Credit impact of a debt management plan

Credit impact of a debt settlement program

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  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.