You have found with today’s lending world that consolidation loan’s are becoming harder to get and more obsolete. However there are programs that share the same befenits as a consolidation loan which can possibly get you out of debt sooner.

Debt settlement is a great solution, and for many americans it is the only effective alternative to bankruptcy. It works like debt consolidation in that you are paying one low monthly payment rather than multiple payments to your creditors. However, with debt settlement, you are hiring a professional service to legally negotiate your debts with your creditors for lesser amount than you owe. People who go through debt settlement programs typically complete the program within 3-5 years and end up paying less than they originally owed even when factoring in the program’s fees. Please see http://www.choicerevu.com to check out reviews on some great debt settlement companies!