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The top performers in our review are National Debt Relief, the Gold Award winner; New Era Debt Solutions, the Silver Award winner; and Accredited Debt Relief, the Bronze Award winner.

Here’s more on choosing a service to meet your needs, along with detail on how we arrived at our ranking of 10 systems.

It often involves a secured loan against an asset that serves as collateral, which is most, commonly a house (in this case a mortgage is secured against the house.) The risk to the lender is reduced so the interest rate offered is lower.

"I was caught up in a debt trap due to circumstances beyond my control and a lot of institutions offer assistance in this regard, but do not deliver on their promises.

Sometimes you reach a point where debt becomes overwhelming.

Late payments, medical bills and personal emergencies can all add to a mounting amount of debt.

If you need help getting out of debt, you are not alone.

Although signs show an upturn in the economy, many Americans are deep in debt, and not everyone can work overtime or a second job to pay down that debt.

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In effect, multiple debts are combined into a single, larger piece of debt, usually with more favorable pay-off terms: a lower interest rate, lower monthly payment or both.

While credit companies are under no obligation to negotiate your payments, the best debt consolidation companies may be able to consolidate your debt to a single, monthly payment or negotiate to lower the total amount of debt that you owe.

When you start pursuing debt management options, you may get many mixed messages from those in the debt relief industry.

Consumers can use debt consolidation as a tool to deal with student loan debt, credit card debt and other types of debt.

There are several ways consumers can lump debts into a single payment.

Debt consolidation business consolidating loans