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Credit Counseling

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Credit Counseling

Credit counseling has been around for about 40 years or so, and is usually offered by an accredited 501©3 not  for profit organization. 

Enrolling in a Credit Counseling Plan

When you enroll in Credit Counseling Plan with an approved organization you can expect 2 main things:

  1. A Debt Management Plan, a DMP, and
  2. A Personal Budget Inventory.

You will receive a personal, Certified Professional Credit Counselor who will take you though the enrollment process patiently and professionally.

The Debt Management Plan (DMP)

A Debt Management Plan is a credit counseling program and debt management solution whereas most or all outstanding debt is managed to receive certain benefits offered by the creditors.

The Benefits of a Debt Management Plan Include:

  • Reduction of Credit Card PaymentsCredit Counseling
  • Reduction or Elimination of Credit Card Interest Rates
  • Past Due Credit Accounts Brought to a Current Status
  • Credit Card Late Fees Waived
  • Forgiveness of Balances Past Due
  • Over the Limit Charges Waived
  • Ending Annoying Collection Phone Calls
  • Prevention of Accounts Going Delinquent Further, in most cases.

A credit counselor that is there to answer any questions, concerns you may have.

The Personal Budget Inventory

An informative Credit Counseling session entails thoroughly going over your expenses and income and is designed to educated families and individuals on:

  • Making Financial Ends Meet
  • Improving Your Quality of Life
  • How to plan and Budget for the Future
  • Maximizing Income for your household
  • Effective Budgeting
  • Reducing Expenses
  • Advice for Mortgage Refinancing

A thorough explanation of the Fair Debt Collection Act (1976) and how it applies to each creditor situation.

Enrolling in a Credit Counseling Plan

When you enroll in credit counseling, you are essentially alleviating yourself  from the very stressful task of dealing with personal debt and allowing the credit counseling agency to do it for you.  Your accounts will be enrolled into a monthly payment that is affordable and one that will finally create a light at the end of the tunnel.  Your balances will start to come down, and you will have more expendable income in the process.  The average life of a typical Credit Counseling Plan is 4.3 years.

Credit Counseling may be a Solution for You

If you answer YES to 2 or more of the following criteria you may be a candidate for Credit Counseling:

  • My Credit Account Payments are Behind
  • My Balances Never Go Down
  • My Finances are Tight Because of Monthly Payments
  • My Interest Rates are High
  • I Receive Collection Calls
  • I Receive Late Notices
  • I Stress Out Over Bills
  • I Contemplate Bankruptcy or am Contemplating Bankruptcy
  • I am getting Contacted by Collection Agencies
  • I Get Calls from Law Firms
  • I Dread Opening my Bills

If any of this Credit Issues or Debt Situations describe you or your current situation, Credit Counseling may be the Credit Solution you need.  If so please inquire with us about Credit Counseilng , we will gladly provide you with Professional Credit Counseilng Information to help you get your credit issues back in order.

Credit Counseling
 
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