You can find free or low-cost credit counseling options at: Under the provisions of the Servicemembers Civil Relief Act (SCRA), you may qualify for a reduced interest rate on mortgage payments or credit card debt, protection from eviction, or a delay of all civil court actions, such as bankruptcy, foreclosure, or divorce proceedings.

To find out if you qualify, contact your local Armed Forces Legal Assistance office.

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However, a lower monthly payment can mean a longer repayment term and more interest paid over the life of the loan.

Whether you should consolidate your credit card debt depends on your individual circumstances and the terms of the consolidation.

With a home equity loan, the lender advances you the total loan amount upfront, while a home equity credit line provides a source of funds that you can draw on as needed.

But keep in mind, these are secured loans that require you to put up your home as collateral.

If you are unable to make payments on time, you could lose your home.

To decide if debt consolidation is right for you, contact a credit counseling service accredited with either of these organizations: If you have a problem with a lender concerning debt consolidation, you should first contact the lender.This includes money owed on personal credit card accounts, auto loans, medical bills, and mortgages.The FDCPA does not cover debts incurred in running a business.The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.The Act covers personal, family, and household debts.Read on to learn more about whether credit card debt consolidation is right for you.