In his play Hamlet, William Shakespeare said, neither a lender nor a borrower be.
Although he lived before the age of credit cards and consumer debts, Shakespeare understood the destructive power of debt upon friends and associates.
Unfortunately, many people are caught in the trap of consumer debt and after digging themselves into financial despair have no way of finding their way out of their financial nightmare.
The best debt management program is to follow the advice of William Shakespeare, however if it is already to late to avoid falling into debt the American debt counseling services can shed light onto the dark path of bad debts and help guide people out from under the constraining mountain of debt through bad credit debt consolidation.
BSI debt consolidation takes all of the bad credit debts and combines them into one payment.
If a person owes three or more creditors a monthly payment the consolidated debt is a restructured single payment that is lower than the three individual payments and is paid to an American consumer credit counseling service that then pays the individual creditors from the consolidated payment.
American credit counseling centers work out lower interest payments with creditors on behalf of their clients and can negotiate for lower balances on bad credit accounts that are facing collection.
Many programs designed by the American credit foundation are available to people to help them dig out from under their bad debts and reestablish healthy credit patterns to avoid future pitfalls of consumer debt.