Many people are in debt, some to a degree that they can no longer manage their bills. Their financial situation seems desperate and they will do just about anything to get rid of their debt. Fortunately, there are options for those whose debt has grown out of control.Debt consolidation services have become one of the most chosen resources in the United States today and have assist millions of people in achieving their goal of becoming debt free.If you are looking for a debt help, you will find that there are many debt services offering help to consolidate your debt — even if you have bad credit history. Online you will find millions of links to debt consolidation agencies by doing a simple Google search. Here is a brief overview of online debt services.One way to consolidate your debt is to apply for a loan with a debt consolidation company. If you qualify and are approved for an unsecured loan, your debt will be paid off. The company takes all of your debt to get a combined total of what you owe. You will then have to pay the consolidation company with one low prearranged monthly payment.Even though the loan rate will not be nearly as high as the interested fees you would be paying on your credit cards, it is important to understand that there will be a high interest rate attached to a debt consolidation loan. If you own a home, you will have the unique opportunity to consolidate your debt with a lower interest rate, secured loan by using your home as collateral.Some bad credit consolidation services do not offer you a loan. These companies will help you manage your debt by negotiating lower interest rates with your creditors. They will charge you a fee for managing your monthly payments. This consolidation method can potentially save you money for paying down your credit’s principal provided that your saving is much more than the fee.With a careful research you will be able to find a reputable company that will best suite your needs. This is to make sure you will not make your situation worse — you will be giving them all of your personal information. Once you find the right company, ask a lot of questions, and make sure you get answers that you can understand before you use their service.Debt consolidation is designed to assist consumers whose debt has grown to ten thousand dollars or more. It is a viable way to find the relief that you need from stress due to trying to find a way out of debt.