Credit Card Debt Consolidation

Choosing Credit Card Debt Consolidation is an important decision and you have a few things to consider before signing your name.

If you decide to consolidate your credit card debt with a financial institution, you may have to apply for a secured loan against an asset that will serve as collateral, most commonly your house. We’ll be frank. The notion of you taking out a secure loan and using your home as collateral, to consolidate credit card debt, is a very risky decision with obvious downsides — the recent turmoil in the housing and financial markets makes this evident.

If you decide to consolidate your credit card debt with a for-profit debt consolidation company, you may have to apply for an unsecured loan, in which you do not have to put up collateral. In this case, you will be signing your name to an unsecured loan to payoff your other unsecured debt. This type of unsecured debt consolidation loan is very rare and equally risky. The amount of trusted companies offering debt consolidation loan programs without collateral are scarce.

At, we offer a risk-free way to consolidate credit card debt payments. When you receive your free credit counseling session, ask about how to consolidate your payments into a Debt Management Plan. If you qualify, you get to pay one monthly payment to your credit card companies and you benefit from the incentives they may offer you without putting your home or other assets at risk.

Talk to a Credit Counselor ››

Rebuild a Responsible Credit History

When you begin a Debt Management Plan (DMP) with, your credit lines are closed and you agree not to use credit while you are on the plan. This is noted on your credit report. In the short term your credit score can potentially go down. You will also be denied if you apply for credit, but that is because you have just agreed not to use credit. As soon as you complete your DMP or decide to leave your DMP (at any time), you are again eligible for new credit. The DMP notation on your credit history is not a negative mark, so don’t expect that to harm your credit score now or in the future.

In the long term, your credit score will begin to reflect your regular on-time credit payments, credit lines being paid down and preexisting late accounts being brought to current. These are all positive credit history marks that can make a significant long-term impact on your credit score.

Our Credit Card Debt Consolidation Services Top Benefits

When you decide to partner with, you’ll experience the benefits of having expert credit counselors and personal finance educators to support you. We believe the cornerstone of financial security is a strong financial education. You’ll learn money management and personal finance tips that will benefit you and your family for a lifetime.

If you decide to sign up for our credit card debt consolidation services, you will get these immediate benefits:

  • Make one convenient monthly payment to pay down all unsecured debt
  • Reduced fees and/or interest rates from your creditors
  • Well-planned household budget to help you save more and pay-down debts

Our Credit Card Consolidation Accreditation is a 501(c)(3) nonprofit organization founded in 1974. Our mission is simple, yet vital: our people improve the lives and financial well-being of individuals and families by providing quality financial education and counseling services. Reputable counseling agencies like demonstrate their credentials be undergoing rigorous audits and reviews from independent third party regulators.

We proudly wear the following accreditation and memberships:

Accredited by COA (Council on Accreditation)
HUD-Approved Housing Counseling Agency (Housing and Urban Development)
Founding member of HPF (Homeownership Preservation Foundation)
Members of the Southern California Better Business Bureau
Members of the NFCC (National Foundation for Credit Counseling)
Members of FCAA (Financial Counseling Association of America)