So, you are looking for a debt management company.
Let us first get some basics right.
You may have seen advertisements about secured debt consolidation and unsecured debt consolidation.
In a secured debt consolidation the transaction is backed by a security.
So when you go for a secured debt consolidation you do not accumulate additional debt.
You will find a number of options for secured debt consolidation online.
The Internet can be used to look for the debt options from the comfort of your home.
However you need to devote time and work a bit hard to find the best option.
In the secured consolidation you are required to make one payment.
The rate of interest may be much lower than what was consolidated earlier.
Persons with poor credit may resort to this option if they are very serious about clearing their debt.
You are required to pledge wither your car or may be your home as collateral.
What it also means is if you do not clear your loan on time, you stand the risk of losing your collateral asset.
It has been seen that most people with poor credit go in for this option.
Creditors also prefer to have secured debts with such people.
Invariably the debt will result in poor credit.
However people have no other option but to go for secured credit.
You need to decide as to what you want to offer as collateral.
The option could be you car, your home or any other electronics item etc.
It will depend on the loan amount that you desire to raise.
In case of a very large amount you may decide to offer your home as collateral.
In other cases it could be your car etc.