Posted on
April 12, 2010
at
2:11 am
what's a good site to read about credit card help for consumers?
Posted on
April 12, 2010
at
5:33 am
credit card help for consumers comes in several ways - but first, you need a sound debt counseling or credit counseling. it's free. google credit counseling. find a company. there's bound to be one near you.
Posted on
April 12, 2010
at
5:34 am
Are you sure credit counseling is free? But what about that $25/mo for 3-5 years deal that I hear?
Posted on
April 12, 2010
at
5:38 am
Credit counseling agencies are supposed to be non-profit, and they are, but they're innovative - so they came up with the debt management plan, DMP - which is optional for consumers. So the consumers can avail of the free counseling and not enroll.
Posted on
April 12, 2010
at
5:39 am
Credit card help for consumers -
Credit counseling is actually more of an educational process than a financial method. When you find yourself deep in debt and in need of help, credit counseling combined with debt management plans can help you not only get out of debt but
learn how you got there as well as how to stay out of debt in the future. Credit counseling agencies will help you first by evaluating your situation and contacting your creditors to reduce your interest rates and waive penalties and fees. By doing this you might pay a lower monthly payment to the credit counseling agency who will in turn pay your creditors. The repayment plan is referred to as a
debt management plan and can help you get out of debt with minimal impact on your credit. Credit counselors can also help you find the real source of your debt such as living beyond your means or lack of organization which will help you correct the error and avoid incurring debt in the future.
Posted on
April 12, 2010
at
6:19 am
credit card help for consumers can also be debt settlement. debt settlement negotiates your entire balance, down to more or less half, so you can be debt free in a year to three.
