According to the definition of experts, the best company for debt consolidation loan is one that makes credit counseling mandatory before getting you ready for online debt consolidation. It is true that your goal is to get rid of your current financial crisis. However, the best kind of free debt consolidation help is one that also teaches you the tricks so that you never get into same kind of trouble again.

One may wonder why experts defined a good debt consolidation company in this way. You should know that as a debtor you are eligible to get loan for consolidating debt only once in a decade. No lender is going to consider your application if you try to obtain a loan again during this period. That is why once you get out of your financial dilemma you should be determined not to repeat the mistake.

BBB or Better Business Bureau rating is one more technique that you can use for selecting a debt consolidation company. The base of BBB rating comprises of grievances and accolades from consumers. You can get instant information about the rating of a particular company by checking BBB ratings on the Internet.

Getting referrals from friends and relatives is yet another source of information about the credibility of a debt consolidation company offering free debt consolidation. If someone recommends a particular company then it means that he or she is satisfied with the company's services. It will also save you from getting into the trap of scam companies.

If you can locate a good debt consolidation company in a nearby area, then it is always beneficial for you as a borrower. In that case, you can go to the office of the company and talk in person about your present requirements and future goals. You can alternatively seek online debt consolidation.

No matter how reputed a debt consolidation company may be, it is not for you if it charges unreasonably high interest rates. After all, the purpose of availing consolidation loan is to pay a minimum amount as interest.