If you are looking for a method of low interest debt consolidation, then you should consider looking to the equity in your home for your debt solutions. Although there are other ways to handle your debt without the need to turn to debt consolidation counseling companies for debt consolidation leads, your best bet is a secured loan like a home loan or car loan to help get your debt under control.
The secured loans that you can obtain by looking for a loan against your home or other property (like a HELOC) are usually better than a personal loan or a credit card rate in terms of interest rate, which, in turn, makes your debt consolidation much easier. This also brings you closer to eliminating your debt, as you can make the same payments that you have been making, or change them only slightly and pay off your loan even quicker thanks to the reduced interest rate and reduced minimum payments.
One thing that you have to keep in mind with the reduced minimum payments, however, is that if you make only the minimum payments, your loan balance will continue to decrease very slowly. The key to managing debt is to work to get rid of existing debt without adding new debt to the list, which can cause problems down the road. Instead, avoid taking your credit cards out with you or using them online and dedicate yourself to making larger payments on your debt.
A secured debt consolidation loan is a great way to help you get out of debt and to help keep your existing debt under control. However, you can still get into trouble if you do not make an effort to pay your debt off. It is possible to end up with more debt than your house or car is worth, and that can be a difficult problem to fix.