Debt might be unavoidable. In some cases, especially when making a large purchase – like a house, a car, a holiday – or covering unexpected expenses, it is best advised you take out a loan (get into debt) so that you can do what you want or need to do.

In the past, digging out of debt could take years, and interest rates over what might be multiple loans further complicated your financial position.

It seems as if there is a dizzying array of offers popping up all over the Internet promoting various debt consolidation companies. How do you choose the right one? You want to get out from under your mountain of debt and start spending money on the things you want instead of throwing it away on interest payments, but finding the right company seems overwhelming.

Here are 10 tips to help you pick the perfect debt consolidation company for your needs. But, first, refer to our Do it Yourself Debt Consolidation Guide. Only if you are not able to do it yourself, go for picking up the right company.

If you have insurmountable debt, you’re not alone – the level of household debt is increasing in America, rising at an average rate of nearly $3200 a year between 2001 and 2011. Even more worryingly, high interest debt – such as credit cards and unsecured loans – rose by more than 30% over the same period. When you consider how much extra it costs to pay just the interest on this extra debt, it’s no wonder that many American families are experiencing financial difficulties – and the stress that goes along with it.

In September I published a guest post containing a real life story on getting out of debt. Slightly more than a year I listed as much as 51 ways to get out of debt. I sometimes feel that finding 51 ways to get out of debt is little overwhelming. Here’s a simple approach to discuss debt problem. Just consider a simple solution which has only three steps.