When considering the option to consolidate your debts many people often overlook the main factor that consolidation agencies look for when considering you for their debt services and that is your credit score, not only is a good credit score needed but also you will need to prove that your income in stable and meets the minimum requirements (This will be different for each Debt Consolidation Company).

If you are unsure about your current credit score then please use the “Free Credit Report” link at the top of our website, this will allow you too see how the banks, debt consolidation, home lenders and other companies see you.

Will i need collateral to apply for debt consolidation ? this is somewhat of a tricky question as each case is very different, some debt consolidation agencies / debt consolidation companies may require you to lay down some collateral and others may not again each case is different and we can’t speak for everyone. While our website is aimed at helping people understand consolidation and we do try and provide the best possible outcome for you if your considering to consolidate you debts, we do need to stress to you that there are indeed risks involved with these types of agencies and we highly recommend that if you have the option to pay off your debts personally that you do it that way rather than resort to a 3rd party debt company, if you have disposable income that you can use to minimize your debts then we would hope that you take that option as priority, this way you can avoid stringent qualification standards and reduce significant financial risks.