As a blogger you receive advertisement/guest post offers from debt consolidation firms. I do receive their pitches regularly. People, in general, think debt consolidation companies are bad, they are loan sharks. The fact is, it’s partially true, they are as bad as credit card companies if you learn to use them they’ll be the helpful ladder for you for coming out of debt.

But, this sector is not as much regulated as the credit card sector so, there are bad companies who adopt fraudulent tactics, giving bad names to debt consolidation industry in general.

If you follow general guidelines, you can take maximum advantage from these debt consolidation companies. Otherwise, if you let loose, you may be ruined. Basically, debt consolidation companies work with certain principles, that you should consolidate all your debts into one single and bigger chunk to better manage them.