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American Debt Foundation
http://www.americandebtfoundation.com
Credit Counseling
Consumer
credit counseling
–This again is debt consolidation with the focus on credit counseling.
Before you go through a counseling agency, we want you to understand their
fundamental business belief. They assume you need financial counseling
to get out of debt. Credit counseling companies assume this regardless
of how you ended up in your unique financial situation. In most cases
these companies will either manage your debts or give you a budget that
you must adhere to in order to gain any benefits from their programs.
- Customer Information
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American Debt Foundation
http://www.americandebtfoundation.com Call Us Today
For A Free Debt Consolidation Quote!
1(866)411-3328- 1(866)411-DEBT
Once
you are set up on the program, you will have one monthly payment that
will satisfy all the creditors that are included in the program. You will
also be able to choose the payment date for your convenience. Your accounts
will be re-aged and all creditors will have set the same date for payment
every month. You then make one monthly payment thru the program, and your
payment is disbursed to your creditors.
Your
creditors will still send you monthly statements so that you can see your
adjusted interest rates and more importantly, you will be able to see
your balances going down. In other words, you will see the progress that
you make every month directly through your own creditors.
To speak with one of our Financial Consultants and see what our program
can do for you,
Click Here and fill out a FREE, no obligation form. You will be contacted
within 24 to 48 hours.
The
consumers' guide to credit counseling
It is not surprising that more and more people seek credit counseling
services every year. Levels of consumer debt have never
been higher and savings rates have never been lower. Given these two
volatile facts, it is not surprising that even a small
financial setback can quickly spiral out of control and leave you with
more debt than you can handle.
When consumers do get in over their heads, a good consumer oriented
credit counseling service can help them to not only pay
off their current debt but to learn how to avoid debt in the future.
Consumer education is one of the most important aspects
of quality credit counseling, and consumers who seek help should be
sure that consumer education services are included as
part of the debt relief services they offer.
These type of education services, or lack thereof, is often a good way
to separate the good credit counseling services from
the shysters who have sprung up simply to take advantage of consumers
in their time of need. A legitimate credit counselor
will want to make sure you do not return to their office in a few
years with more debt. A shady operator will hope that you
do just that.
Be sure that the credit counselor you choose has a good education
program in addition to their credit counseling services.
Once you have found a credit counselor with whom you feel comfortable,
sit down and go over all the money you owe and to whom
you owe it. Be sure to provide all information as well as information
on all your sources of income.
A quality credit counselor will be able to work with your creditors to
renegotiate the terms of your loans. Credit counseling
services are often very skillful at working with credit card companies
and banks to help you pay off your debt in the fastest
possible time. Your credit card company may be willing to accept 70 or
80 cents on the dollar, or even less, to allow you to
pay off your debts and avoid seeking bankruptcy protection. Credit
card companies are often willing to lower your interest
rates as well.
After you and your credit counselor have created a repayment schedule,
it is important that you stick to the schedule no
matter what. It is vital that you make your payments month after month
and on time. After you have repaid the debt you owe,
be sure to take full advantage of the consumer credit education
services offered by the debt relief agency.
Education is of vital importance to ensure that you do not end up back
at the credit counseling service in a few years. Using
credit wisely is an important skill, and unfortunately it is not
taught in school. Using your credit wisely is something you
will have to learn for yourself, but lucking for you consumer credit
counseling services are there to help you.
American Debt Foundation
http://www.americandebtfoundation.com
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