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Facts About Debt Consolidation

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Summary: Debt consolidation can be performed by non-profit organizations that help in the process of contacting creditors and reducing interest rates. Set up a once-a-month payment for all bills with help from an experienced businessman in this free video on debt consolidation.

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By John Niemira
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John Niemira is a professor of business at Stevens-Henager College in Salt Lake City, Utah.read more

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Video Transcript

"Hi my name is John Nieimira and today I wanted to talk to you about a few facts about debt consolidation. You got yourself into debt, you're learning how to consolidate that debt, what are your choices? There's agencies out there, there's companies out there, non-profit organizations some of them that do nothing but debt consolidation. They can help with the process of contacting all the people that you owe, helping reduce your interest rates, eliminate your interest rates. They can help with the process of a one time payment, a once a month payment let's say. You pay to them, they pay out to each one of your creditors. It's a good way to go, look into it, talk to one of the sales representatives there, they'll tell you about the program, how it works, what are the success rates, how much time is it going to take you and how much is it going to cost you of course. You have some other options of course with equity in your home or an insurance policy or a 401k or even borrowing from a family. If you need anymore information on this subject or any other subject in the business field, my e-mail address is jniemira@gmail.com."

eHow Article: Facts About Debt Consolidation

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