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Debt Consolidation Company

New York Debt Consolidation offers free debt consultations for people looking for ways to reduce their credit card debt.   If you are looking for a debt consolidation company to help you begin the road to become debt free, please fill out our online form for a free consultation. 

When choosing a company to help you reduce your debt it is important to make sure you do your research before joining a program.   Make sure the debt consolidation company that you choose does not require any payment up front before agreeing to help you.   You should receive a free consultation from the company and get advice on what they best options are for your plan to reduce your debt.  

Some other important items to consider when choosing an debt consolidation company:

How long have they been in business?  Make sure to investigate the company that you are considering having handle your debt consolidation.  If they are a new company you might want to consider doing further research to find another more established company.   The worst case scenario for a debt consolidation would be to hire a company to handle your consolidation and then have that company go bankrupt itself.  If this happens you are left with more debt than when you started the consolidation program.

Is a non profit company better?
Many companies in the debt counseling business claim to be non-profit.  This is done to make it seem like they are a public service and always have your best interest at heart.  This is not true.  Many of the non profit debt consolidation companies in fact are for profit businesses.    They charge high fees and that money goes to the owners of the companies.

Do they provide any budget counseling or financial education?
Many reputable companies will offer budgeting advice to help you gain control of your finances so that you will be more likely to complete your debt consolidation program.

You should review several companies, such as the ones listed in the ads in this page to the left, before selecting a company.

The Better Business Bureau offers the following advice when choosing a company to handle your debt repair.

The truth is, no one can legally remove accurate and timely negative information from a credit report. But the law does allow you to request a reinvestigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act, you are entitled to a free copy of your credit report if you've been denied credit within the last 30 days. You can also dispute mistakes or outdated items for free. Ask the credit reporting agency for a dispute form or submit your dispute in writing, along with any supporting documentation.

If you decide to respond to a credit repair offer, the Better Business Bureau suggests you beware of companies that:

  • do not tell you your legal rights and what you can do -- legally -- for free;
  • recommend that you not contact a credit bureau directly;
  • want you to pay for credit repair services before any services are provided; or
  • advise you to dispute all information in your credit report or take any action that seems illegal, such as creating a new credit identity by obtaining a federal employer identification number to use instead of a social security number. If you follow illegal advice and commit fraud, you may be subject to prosecution.

It's a federal crime to make false statements on a loan or credit application, to misrepresent your Social Security Number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses.

Click here or more information on credit repair scams.

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