Released on = December 6, 2005, 4:30 pm

Press Release Author = Consumer Debt Consolidation

Industry = Small Business

Press Release Summary = Debt consolidation means one thing: a consolidation of
multiple debts, into one debt, and one payment. Unfortunately, it is often paired
with the word "loan" by banks and mortgage institutions offering a "debt
consolidation loan" to escape from the debt pressure.

Press Release Body = Debt Consolidation Consolidation vs. Loans

Debt consolidation means one thing: a consolidation of multiple debts, into
one debt, and one payment. Unfortunately, it is often paired with the word
"loan" by banks and mortgage institutions offering a "debt consolidation loan"
to escape from the debt pressure.

In reality, some of these debt consolidation loans end up as interest second
mortgages on homes, or exorbitant home refinancing. Second mortgages on your
home only increase the amount of money owed in the long run. By putting all of
your debt on the most precious asset you have, you run the risk of losing your
home for the sake of credit card or other debt. You may even be overextended to
the point where you might not qualify for a mortgage. And if you do, the terms
will not be favorable.

While individuals may approach their creditors to try and arrange lower
payments, suspension of interest, and other ways in which to help relieve their
debt load without declaring bankruptcy, a consumer is best served by using a
good debt consolidation service. Debt consolidation experts are trained
professionals with years of experience, in negotiating a debt consolidation
into one low monthly payment, which in the end will benefit both you and the
creditors. Companies or businesses that are owed money, would naturally like to
see it paid. They are generally more receptive to the approach of a
professional debt consolidation counselor with a well thought-out debt
consolidation plan, than the individual debtor who may not have considered all
the angles.

Whether you choose debt consolidation on your own, or though a counseling
agency, be sure to carefully read the terms of the debt consolidation agreement
which is drawn up between you and your unsecured creditors. Remember, this is
NOT a debt consolidation loan. It is simply a consolidation of all debts into
one monthly payment, which is more manageable with your budget.

Web Site = http://www.consumer-debtconsolidation.com

Contact Details = Kevin D