Debt Counselor

This option can provide you with one monthly check rather than multiple payments with either diminished payments or interest on any of your unsecured debt. However, if you are so seriously in over your head that there is no chance you could ever repay the debt, the debt counselor is not going to be interested in helping.

Often there are hidden costs and advice that could lead to charges of fraud. There have been cases where home equity loans were taken out, payments missed near the end of the loan payment with the creditor required to pay in full or lose the house. Not an appealing scenario.