How Settlement Works

Guide To Debt Help
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Bills To Consolidate

Debt consolidation allows you to consolidate just about any kind of bills you'd like, whether they are for secured or unsecured debt is irrelevant. Whether or not you are able to qualify for the amount needed to cover your debts and secure a loan at a good enough interest rate is your only concern, the new lender doesn't really care what you're using it for.

That said, people usually want to consolidate their debts that are carried at high interest rates. Some common types would include:

Credit Card Debt:
Charging an average of nearly 20% to those without impeccable credit scores, credit cards are normally at the top of the list since there's a lot of room to lower the interest rates. Department and furniture store cards are even worse, charging closer to 30% on balances carried.

Student Loans:
Student loans often start out at very reasonable interest rates, but go through the roof once the borrower reaches a certain age, starts work, etc. With lots of people carrying tens of thousands of dollars in student debts, this is another big one to save on.

Legal Bills:
Interest rates aside, a law firm is not the most fun place to owe money to.

Overdue Service Bills
Some service companies can charge excessive late fees in addition to pretty high annual interest rates. Some are also happy to revoke service once you get behind on payments, so consolidation can be a quick way to catch up.

There are lots of other bills that you might want to consolidate, wherever there's lower interest there is money to be saved.

Debt settlement is a different process entirely and is more restrictive - it is difficult to negotiate with creditors about secured loans, as they have the option of taking the collateral rather than negotiating down the debt. You can settle a wide range of bills depending on the company you choose to work with, but most companies do better with unsecured debts.