There are thousands of companies bombarding us with debt consolidation loans but how can we find the right one for us?

Do not limit yourself to just searching online.  Try flicking through the Yellow Pages or one of your local newspapers.

Once you have made a list of the best five companies, give them a call and ask them any questions that you need to know.  It is vital that you work with a company who can answer all of your questions competently and put you at ease.  Many debt counsellors are busy and do not have the time to go into detail with you.  If you find any such counsellors, cross them off your list.

What should I look for in my Debt consolidation company?

Make sure that the debt consolidation company you choose, combines all of your unsettled debts and not just a few of them, so as you are left with one manageable sum and no other debt worries.

Make sure that you are aware of any upfront fees and check that there are no hidden costs along the way.  It is a good idea to ask for confirmation in writing as some sales people will make exaggerated claims over the phone as a telephone conversation is not legally binding.

If you cannot afford the set up fees of a debt consolidation loan, there are many non-profit firms available.  Before you proceed, ensure that the company can provide you with verified positive client testimonials.

If you opt for an online debt consolidation company, it is very important for you to check that they have a physical address. Make sure that you verify this address by visiting their offices.