We Went Through Tough Times But Now Want to Consolidation Our Debt. – Debi

“Dear Steve,

We went through tough times.. my husband was out of work and I was a commissioned salesperson and sales were down. we went through loan modification and succeeded and we have alot of equity in out house. Business picked up and we make a good income now. I first looked for a second on my house and I could find no one that would do that for me. i want to do debt consolidation but I have been unable to find anyone honest.

We owe about 50K in old debt and want to find an honest debt consolidation company.. Has anyone had a good experiences from any of them? I have been through modification (and survived) but these old bills are keeping me from having even 1 extra penny… please help me ..any advice would be appreciated

Thank you


Dear Debi,

Before we search for a “good” company, let’s make sure we are looking for the right solution.

I’d suggest you first read How to Get Out of Debt. The Honest and Unvarnished Truth and The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. They will give you a great overview of what we need to deal with to get you moving in the right direction.

Then use the free How to Get Out of Debt Calculator to review your options.

Once you’ve identified a company you want to work with, then follow my step-by-step guide on how to check out a debt relief company.

Please post your responses and follow-up messages to me on this in the comments section below.


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.

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Damon Day - Pro Debt Coach

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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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