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Consolidating failing companies

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Therefore, most debt consolidation companies require that debtors make very high monthly payments into the company's account so that they can amass funds to pay creditors in a lump sum payment.

If debtors cannot afford to do this within a very quick time frame, they are left with paying the very high monthly “service” fee (see above) while their money slowly accrues.

If you are struggling to manage your debt but unsure of what steps to take, you can look into solutions offered by loan consolidation companies. Many of these paths negatively affect your credit score, require long-term dedication and obligate you to still pay off the majority of what you owe.

Debt consolidation companies communicate with your debtors to negotiate lower rates on your behalf.

Simply put, it usually takes less than twice the costs to run a company twice the size in the same business.

The opportunities are often triggered by changes in the market related to technology, globalization, or regulation that make larger scale or scope possible or more important. When companies in the same industry buy others to increase scale or scope, revenues are typically additive while costs are not.I have seen many of them and they usually do nothing more than bilk funds from unsuspecting families.We have all heard the commercials that promise to help debtors avoid bankruptcy by consolidating debt – but these debt consolidation scams are very expensive and highly suspect.Perhaps you can sublease unused space or sell off unused equipment.While shrinking your workforce is not an attractive option, it may be necessary to keep your business alive.The top performers in our review are National Debt Relief, the Gold Award winner; New Era Debt Solutions, the Silver Award winner; and Accredited Debt Relief, the Bronze Award winner.