It seems like whenever people need help or money they start looking to the government and there is nothing wrong with that as long as they have programs available. But in times when there are problems, you also have companies that make themselves look like they are affiliated with the government hoping this will show credibility. This is the case with government debt consolidation loans. While you may find a few programs that will assist with student loan consolidation, the chances of you consolidating your credit card debt through the government is about zero.

But just because the government does not have a personal bailout plan available, does not mean that you do not have options for getting out of debt. Loans are one of the worst choices for paying off your debt because they are normally secured with your home. Bottom line is if you cannot make the payments, there is a chance that your home could go into foreclosure.

If you are looking for a loan that consolidates your debts, does not require you to own a home or have good credit, you may want to consider credit counseling. This option will allow you to make just one payment per month. It reduces your interest rates to about 10% and eliminates your fees. With all this, as long as you are able to make a 2% payment you could be debt free in three to five years.

Debt can invade all areas of your life. It can be on your mind constantly, but you do not have to keep living with it. Research your options and make a choice that will help you get debt free. You can get a quote for debt freedom within a matter of minutes!