http://www.americandebtreduction.com/debt-help/debt-help-services.html Debt help services have many faces and work in many ways. Here is a concise look at how the household debt help services can work for you. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 So you just had a crash course in the many faces of debt help. Did you get a little lost? We aren't trying to lose you. We are simply trying to cover every facet of debt help services. Since we may have lost or confused you, we would like to dedicate this entire page to covering the various debt help services available. Pay close attention, because you can't afford to get lost. Literally. A closer look at debt help services We would like to take this opportunity to briefly explain, in specifics, some of the debt help services that specialists often prescribe as a remedy for debt. Get yourself acquainted with each, because if you are in a lot of debt, it is likely that you will be working with one of the following debt help services: Debt Consolidation - This is a program that involves negotiation to get unsecured debt balances and interest rates lowered. Debt Consolidation Loan - This is a loan given to consumers to pay off unsecured debts. Debt Consolidation Mortgage - Allows homeowners to borrow from the equity in their homes to pay off unsecured debts. Debt Settlement - Allows a consumer to pay off their debts at 30-50 cents on the dollar. Generally, the consumer has to pay the new, lower amount back immediately, but some debt management companies will give you one to three years to pay it off. While those are not very specific explanations, they generally cover the form and function of each of the debt help services. Don't be fooled into believing this is it. We still have to cover debt counseling, student loan debt consolidation, and much more. Sat, 26 Jul 2008 15:00:00 EDT