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How Can I Find a Reliable Debt Consolidation Company? – Erica

“Dear Steve,

I am a wife and mother of three children. I work full-time and gross 1965 per month with a bring home pay of 1600 per month while my husband grosses 1800 per month and brings home 1460 per month. We are in over our head in debt. A lot of the debt is collection medical bills that equal $4,448, Credit card bill $2,275 and a utility bill that equal $413 with a total debt of $7136. We are making the minimum payment on the credit card and haven’t touched the other bills because we don’t have the money. I was researching all the debt consolidation companies and I am just so scared to get caught up in one and then get ripped off.

I would like to know where I can find the best and most reliable debt consolidation company and how can I get out of this situation?


Dear Erica,

Based on the fact that your debt is not primarily credit card debt it does not sound like a credit counseling program is going to be of much help. That leaves you with exploring bankruptcy as a possible solution. In order to research it I would urge you to click here to find a local bankruptcy attorney and go talk to them about your situation.

Most of the ads you’ll see on television and online for magically making your debts shrink are just bunk. Stay away from those.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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