 TITLE: The Difference Between Debt Consolidation Loans and Debt Management Programs CONTENT: Which Method Is Right for Me?\n-----------------------------\nPicking the right debt relief option for you will depend on several things, like how much debt you have, how many accounts your debt spread across, the type of debt you have the most of, and whether you have a good enough credit score to be approved for a new loan.\nA debt consolidation loan might be right for you if you have a substantial amount of credit card debt across several high interest credit cards. You'll want to avoid paying that high interest across all your balances, so getting another loan with a lower rate could help you save a ton of money.\nThink about a debt management plan if you have different types of debt, or more than just credit card debt that is facing default. Credit counseling companies can often help you manage repayment of different debt types, not just credit cards. This type of repayment is also good for people who don't want to apply for new credit, or may not have the credit score necessary to be approved for a new consolidation loan.\nIf you aren't sure how much debt you actually have and want to learn more about your current balances, consider getting a free copy of your credit reports and scores from Experian to see what's in your credit file.\nAnd if you're interested in applying for a debt consolidation loan or a balance transfer credit card, check out Experian's CreditMatchTM marketplace to be paired with specialized offers based on your credit profile. END