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National Debt Relief, New Era Debt Solutions, Accredited Debt Relief, Freedom Debt Relief, Pacific Debt Inc. are the top debt consolidation companies.

Debt consolidation stays on the credit report for the time than individual accounts are reported, i.e. seven years from the date that the account was settled.

Yes, debt relief consolidation program affects the credit score since it implies that you do not follow a proper payment schedule, and this can harm your future prospects.

Simplifying your life is a side benefit of consolidation the main reason people do it is to get a fixed lower interest rate so they can pay their debt down faster. The same is true for student loan debt consolidation, except that federal student loans cannot usually be consolidated with other debts.

Debt consolidation is a wise choice if the individual is drowning in debt, and cannot negotiate any lower interest rates with their credit card companies.

Deb relief programs help you in a murky situation; however, you will have two principal debt-relief options- debt settlement and bankruptcy, and these will drastically affect your credit score.