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

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Debtconsolidationcare.com

• Internet's first get-out-of-debt community 
• 470,973 members

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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
•  

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What happens in credit counseling?

• Evaluation of your financial health
• Assistance in creating a customized budget plan
• Suggestion of smart money management tricks

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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

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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

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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

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Do youve to pay fee for getting debt relief?

• Youll have to pay a nominal fee to non-profit
  credit counseling agencies
• Youll have to pay modest fees to debt management
  companies

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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

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When is credit counseling best suited for you?

• When its hard to make minimum payments
• When youre living paycheck to paycheck
• When youre short of cash
• When you cant afford to pay fees and penalties

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How does credit counseling affect your score?

• Credit counseling doesnt have a negative impact
  on your score
• Late payments before or after the beginning of
  program may hurt your score

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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

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For more information

• Contact us at 800-DEBT-913
• Send mails at
• jason_at_debtconsolidationcare.com
•  Find us on Facebook, Twitter and YouTube

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