Debt Consolidation Tips You Need to Know - Don't Consolidate Until You Read This

1. Assess the Damage - The first thing you need to do should be obvious but is often missed. You need to do a detailed assessment of your current debt situation. Don't leave any rocks unturned and find out exactly where the big problems areas are and where you are doing alright. Calculate your total debt and find out exactly who you owe and how much you owe them. You won't get very far if you don't know where the problem is.

2. Beware of Scamsters - If there is one tip that I want you to ingrain in your mind it is this one. It really is sad that there are so many people out there looking to prey on innocent people who are already in a dire situation, but that is exactly what they do. Don't let fast talking, big promise phone salesmen fool you into sending them a start up fee in order to begin the consolidation process. Most Legitimate companies will never require this.

Rather, do thorough research before deciding on what kind of debt consolidation company to go with and you will be glad you did!

3. Resolve To Stay Out of Debt - Remember what got you into this mess in the first place? Over spending and lack of discipline is usually the culprit. But, if you are one of the few that has gotten into debt because of a loss of job or a pay cut then this will still apply to you, so don't think you are off the hook.

You are going to have to take a serious look at your spending habits and begin to stick to just the essentials for living if you are really serious about getting out of debt and staying out.

Don't think that you can get a debt consolidation and all your troubles will be solved, it just doesn't work that way. You are going to have to make some hard decisions and live sacrificially for a while, but trust me you will not regret it when the burden of debt finally rolls off your back!