Sunday, October 21, 2007

Review: Debt Consolidation Site

I said I'd write an unbiased, objective review of the Debt Consolidation Care Website. First of all this is a website for people who are in debt and attempting to get out of debt. This website does not appear to be associated with any financial "guru" or celebrities like Suze Orman, Dave Ramsey, David Bach, etc.

They provide a service where they help people to get out of debt. The first way they do is this by suggesting that people consolidate debt through them. This is supposed to lower interest rates and make the monthly debt payment more manageable. This appears to a standard service. Because I am not consolidating any debt, I did not attempt to try out the program.

The second part of their website, is the forum discussing debt. The forums covers a broad range of topics including getting out of debt, bankruptcy, and getting loans after ruining your credit. The topics in this area seemed well organized and easy to follow. It appears that many people have a lot of experience in dealing with creditors and how to pay them off. This area also appears to give support to those getting out of debt. This area does not however suggest cutting up any and all credit cards, etc. Rather it stresses getting out of debt but not being critical of those still using credit.

The third part of the website is blogs of people getting out of debt. The blogs do not appear to be the typical blogs I enjoy visiting, but I'm sure there are many blogs which would be helpful for those interested in reading blogs about digging out of debt.

Fourth, there is a section to read about how to get out of debt under articles. I really liked this section and felt there was a lot of information well organized into topics. Also the calculators for determining how long it will take you to get out of debt and how much to pay is easy to use.

Overall this is a very easy to use website. It looks like it could be supportive of those getting out of debt. It might be a starting point for those looking to improve their financial situation.

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