If you were to personally take all your outstanding debts and combine them into one, you are essentially consolidating your debts. Doing so could be a significant help, as you would then only be making one debt payment each month, saving you time and money in the process.

As it turns out, there are various companies that can formally and legally assist you to do just that; i.e. consolidate your debts. If you contract with one, they will pay off all your current debts, allowing you to repay them the new loan they extend to you. At that point, you would no longer have different creditors, just your debt consolidation company. You might even pay a lower interest rate than some of your previous bills. However, their interest rate will reflect your previous situation.

If you are interested in obtaining several quotes for a potential consolidation loan, try using these hints for places to look:

• Online. The Internet is a valuable research tool. You can locate companies and evaluate their rates and services, all from the comfort of your home. You should be able to obtain all the information concerning the company that you need from their website.

• Banks. Some banks offer consolidation loans. These are a good means for banks of earning money, so many are now offering this service.

• Financial organizations. There may be a large number of financial lending companies that offer debt relief in your local area. Find out where they are and inquire about their services.

• Local government. You will be able to acquire a comprehensive list of all the debt relief services in your area. From this you should be able to find one that best suits your needs.

• Business directories. Look under the debt consolidation section. You will have many companies from which to select. Most of them will be able to provide you with a quote for their services.

If you are looking for a quote to consolidate your current debts, try one of the suggestions above. You will soon have a quote that you can weigh for improving your financial situation. You can certainly request as many quotes as you like and are under no obligation to commit to any of the services if they cannot meet your needs. Be persistent in your search, don't settle for less than you truly need, and work only with a debt consolidation company that clearly demonstrates its willingness to work cooperatively with you.