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Many people need to learn how to get a debt consolidation quote, so that they can start getting out of debt. There are many ways to consolidate debt; you can get a quote from the internet, from printed materials, or by calling a company that specializes in debt consolidation.

Before getting a debt consolidation quote you should gather all your debt information and make a list showing the people you owe, the amount you owe each one, and the current status of each obligation. Your rental amount or mortgage payment should be included, as well as heating, electricity, water, and telephone bills. List your income and your assets, and by all means create a comprehensive monthly budget too.

Once you have compiled all your information, it is time to find a debt consolidation firm. You can usually find them on the internet where you can easily receive a free debt consolidation quote by filling out a form.

Do some online research. Read any available reports of past users, consult the Better Business Bureau, check with professional associations, etc., to locate a firm which has a reputation for honesty, efficiency and dependability. Be aware that a claim of nonprofit status does not insure that a consolidator is either efficient or reliable. You'll find that some legal firms also offer debt consolidation services.

You can submit your information and receive a debt consolidation quote. Do this with more than one company so that you can compare rates. Make sure to review the track record of the companies that are making you the best offers. The rest of your decision is easy.

You will also want to seek firms that offer ongoing support beyond just collecting your monthly check. Look for those that also provide budgeting training and assistance. Some companies are even affiliated with religious groups and add spiritual support to the other services offered. If this is meaningful to you, these firms may be your best choice.

You will want to know the pros and cons of any consolidation loan and precisely what the quote includes. Taking a mortgage loan to clear credit card debt means conversion from unsecured to secured borrowing. While that may lower your rates, it also means that you face the possibility of losing your home if you cannot pay on schedule. Consult your bank for financial advice before making your decision.