When businesses have a lot of debt that they are trying to get under control, they have the option of looking into receivable financing. Receivable financing - for those who aren't familiar with the term - is a process by which companies that cannot get approved for a loan are able to borrow against the income that they expect to make.
Unfortunately, there is no such thing as receivable financing available to those who don't run their own businesses; you can't approach your boss if you work on commission and say, "based on the sales that I have made in the past, it's likely that I will sell (a given amount) in the next six months - how about you pay me my commission on that now?"
No matter how great it would be to be able to have that money in your pocket now - especially if you're looking at a tall stack of credit card statements, invoices for medical bills, student loan payments are coming due or you have other unsecured personal loans that you are trying to pay off - it isn't really an option. Because individuals cannot take advantage of receivable financing, they need to look into other options when they want to be able to reduce and eventually eliminate their debt.
One of the primary options that people should be looking into when they want to get out from under the weight of their debt is to look into debt consolidation. By working with a debt consolidation company, you will find that you are able to:
In other words, even though receivable financing isn't an option when you are trying to get rid of your personal debt, there are options that are going to let you take control of your financial situation and to start eliminating the debt that you have accumulated without borrowing - which means that you won't have to exchange the debt from one creditor to another. You'll be able to take control of your finances simply by working with what you have.