Welcome to Bankruptcy America’s Debt Consolidation pages, your first step in exploring alternatives to bankruptcy! Here, you can:

 

What is debt consolidation?

Debt consolidation is getting a single loan to replace many unsecured debts, such as credit card balances. If you qualify for a debt consolidation loan, it could cut your interest costs and simplify your monthly payments, helping you to get control of your finances.

With a debt consolidation loan, you may be able to keep or improve your credit rating and avoid bankruptcy, without the need for credit counseling.

To start this step, use our debt consolidation loan calculator.

If the calculator indicates that you may qualify for a debt consolidation loan, explore this option more, using our debt consolidation pages and debt consolidation blog.

If the calculator indicates that you will not qualify for a debt consolidation loan, go to step 2, to learn whether you qualify for a Debt Management Plan through credit counseling.

Your last resort would be bankruptcy, which you can explore through our step 3.

At any time, you also have the option to submit your question to an expert on personal financial problems in your region, and receive a reply in confidence.