Debt Consolidation Credit Counseling

If you are knee deep in debt and unable to pay your bills, debt consolidation credit counseling can be a financial lifesaver.

A debt consolidation credit counseling agency may arrange a debt repayment plan, a creditor-approved arrangement that allows you to repay your unsecured debts at reduced interest rates.

In these plans, you deposit money each month with the counseling agency. Your deposits are used to pay your creditors according to a payment schedule the counselor develops with you.

Some debt consolidation credit counseling agencies charge little or nothing for managing the plan; others charge a significant fee over time. Ask up front what the cost will be.

Debt Counseling Service

• Work with certified credit counselors to consolidate your debts into just one payment per month.
• Lower monthly payment 15-50% and have more to live on each month.
• Reduced interest rates help you make more impact on your balances.
• Waived late and over the limit fees to help your payments go farther.
• Eliminate collection calls which eliminates a good deal of stress.
• Gain a better understanding of credit management .
• Decrease your debt at a fast pace.

As part of the repayment plan, you may have to agree not to apply for, or use, any additional credit while you are participating in the program. A successful plan requires you to make regular, timely payments, and could take 48 months or longer to complete.

A debt repayment plan does not erase your credit history. Under the Fair Credit Reporting Act, accurate information about your accounts can stay on your credit report for up to seven years. In fact, creditors may report an account in financial counseling as payments missed, or that there are write-offs. But, a demonstrated pattern of timely payments should help you qualify for credit in the future.

Debt Consolidation Counseling

Having a lot of debt does more than affect your credit rating – it affects your peace of mind. You may feel overwhelmed and out of control. You may even feel as though you are a bad person – you aren’t! You just need a little help getting your finances in order.

Our Debt Consolidation Counseling can provide that help. A professional Debt Repayment Representative will be assigned to you and will guide you through the debt management process. They will always be available to answer your questions and help you understand exactly what is happening with your debts.