The first steps in debt consolidation are to research:
- How much you owe
- Whom you owe it to
- What type of debt you have
Sites such as i Credit Reports, Credit Reporting and
My FICO can assist you in compiling all that info.
Just remember, the type of debt you have is actually the most
important thing to know. Do you have secured debt or unsecured debt? For example,
you can consolidate unsecured debt, such as credit card debt and medical bills,
into a home loan and save money on your personal taxes -
savings which can be used to pay off your debt quicker!
