Don't let debt-fixers put you in more debt
Don't let debt-fixers put you in more debt
Tool: Debt Coach

The debt solutions for those who are buried deep in debt often come at a steep cost. But this tool, which compares debt-fixing options so you can easily see what each option will cost you, will give you the guidance you need completely free. has partnered with Experian to create DebtCoach, which pulls credit reports for consumers, organizes all of their debts in one place and recommends the best option to eliminate debt, based on a comparison of the total costs of each debt-busting method.

Users get to see how all of the different kinds of payoff options -- like credit counselors, debt settlement companies, bankruptcy or paying the debt on their own -- will work for their financial situation, and the tool will outline the trade-offs of each choice.

To give you this information, DebtCoach screens each company listed in the results, and lays out what concession rates banks are willing to give you, based on your finances and the amount of debt you have.

Companies do not pay to be included in results, but they do pay a fee to DebtCoach if you select their program. Once you request to be matched with a specific company, you are asked to fill out a form with your basic contact information and details about your debt situation. This is then sent to the company you selected. says it never provides your personal information to companies unless you specifically direct it to.

Last updated September 23 2011: 10:30 AM ET
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