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Credit counseling – How does it help you get debt relief?

Credit Counseling: A way to get out of debt. Check the slides to know how it work & what are their advantages and disadvantages.

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Credit counseling – How does it help you get debt relief?

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  1. Debtconsolidationcare.com Internet's first get-out-of-debt community  470,973 members

  2. Credit counseling – What does it do for the debtors? Credit counseling helps you get debt relief in the 4 ways: • Helps you in budget planning • Assists you to slash your monthly payments • Arranges an affordable repayment plan • Enables you to save money & get out of debt

  3. What happens in credit counseling? • Evaluation of your financial health • Assistance in creating a customized budget plan • Suggestion of smart money management tricks

  4. What happens if it does not help you? Credit counselors will offer debt management plan wherein: • Your interest rates will be reduced • An affordable & single monthly payment plan will be arranged • Late fees and penalties will be waived off

  5. What are the 3 situations when you can get credit counseling? • Before bankruptcy filing • When you are going through debt problems • When you want to repair your credit

  6. How much can you save through credit counseling? • Your interest rates can be reduced from 22% to 8% • The saving percentage primarily differs from person to person

  7. Do you’ve to pay fee for getting debt relief? • You’ll have to pay a nominal fee to non-profit credit counseling agencies • You’ll have to pay modest fees to debt management companies

  8. When can you expect to become debt free? It basically depends upon your: • You can expect to be debt free within 3 and 5 years • Financial health • Monthly payment amount • Types of creditors • Total debt amount

  9. When is credit counseling best suited for you? • When it’s hard to make minimum payments • When you’re living paycheck to paycheck • When you’re short of cash • When you can’t afford to pay fees and penalties

  10. How does credit counseling affect your score? • Credit counseling doesn’t have a negative impact on your score • Late payments before or after the beginning of program may hurt your score

  11. How can you find a good credit-counseling agency? You can find a good credit-counseling agency by • Checking the license and affiliation • Checking the qualification of credit counselors • Going through the consumer feedback • Asking questions in a good online financial forum • Checking the privacy policy of the agency

  12. For more information: Contact us at 800-DEBT-913 Send mails at jason@debtconsolidationcare.com Find us on Facebook, Twitter and YouTube

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