What can credit card debt consolidation services do for you? If you are stressing out over debt, these nonprofit organizations are great place to turn for help.
They can be found in brick and mortar establishments in most communities and are readily available on the internet and give you information in a matter of minutes.
So, what can a credit counseling service do for you? The most important thing they do is consolidate all you unsecured debt into one monthly payment.
Your payment will be about 2% of the total debt that you enroll into the debt management plan.
It will be snowballed, which means your payment will remain the same throughout the repayment period even though your debt is decreasing.
Your interest rates will be decreased to about 10% and your fees will be eliminated.
With all this combined, you will be looking at debt freedom in about five years.
This is about half the time it would take you to pay off your credit cards by making minimum payments.
One of the positive aspects of credit counseling is your credit will remain intact.
You will still have a decent credit score when you get done with the program.
Credit counseling not only can set you up on a debt management plan, they can refer you to other individuals, if you need another service.
They also offer budgeting materials and information on staying debt free and preparing for retirement.
Debt does not have to be a life sentence.
There is a way out.
You just have to find the plan that is going to work for you.
Get a free quote for debt freedom today.