Bad Debt : Find Aid With A Non Profit Debt Consolidation
Are you submerged underneath your bills--finding it harder and harder to keep your head above water? If your spending habits have got you into a really bad spot and you can no longer afford to make your card account paymentsand are falling behind so fast the light at the end of the tunnel is getting dimmer and dimmer, you shouldn't hesitate to give a non-profit debt consolidation service a call. You might be surprised at the options you have.
When you get in touch with this company they will provide you with a certified credit counselor. You will need to provide your counselor with all of your pertinent financial statements; all past due accounts,balances, and you gross income you receive in a month. When you are done with this they will work to establish a payment plan for you to fit your specific situation.
When the plan is made, your creditors will be contacted to get your bills renegotiated, sometimes 50% or more. All the debt that you owe is consolidated into one payment that you send to the debt consolidation company. They spread your payment out among your creditors as agreed and keep their service fees out of that as well.
As long as you have done your research on the company and they are reputable and legitimate, they'll make sure that all of your bills are paid on time--you do nothing but pay that one monthly bill to the company; they take care of everything else. Every month you will receive a statement showing your progress and over time you can watch your debts disappear.
As you can see this is a big step to take, trusting some company to handle your finances like that. It is imperative that you research these companies; make sure that all of the consumer reports listing for the company are good and they are favored with the BBB.
There should also be opportunities to get educated on the topic of financial responsibility. And programs to teach what credit is really for and how to use it wisely, so you never need similar services again.
When you get in touch with this company they will provide you with a certified credit counselor. You will need to provide your counselor with all of your pertinent financial statements; all past due accounts,balances, and you gross income you receive in a month. When you are done with this they will work to establish a payment plan for you to fit your specific situation.
When the plan is made, your creditors will be contacted to get your bills renegotiated, sometimes 50% or more. All the debt that you owe is consolidated into one payment that you send to the debt consolidation company. They spread your payment out among your creditors as agreed and keep their service fees out of that as well.
As long as you have done your research on the company and they are reputable and legitimate, they'll make sure that all of your bills are paid on time--you do nothing but pay that one monthly bill to the company; they take care of everything else. Every month you will receive a statement showing your progress and over time you can watch your debts disappear.
As you can see this is a big step to take, trusting some company to handle your finances like that. It is imperative that you research these companies; make sure that all of the consumer reports listing for the company are good and they are favored with the BBB.
There should also be opportunities to get educated on the topic of financial responsibility. And programs to teach what credit is really for and how to use it wisely, so you never need similar services again.
About the Author:
You can get the non-profit debt consolidation help you are seeking by visiting mydebtconsolidationsite.us
posted by Credit Counseling at
1:31 PM
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