Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Monday, February 23, 2009
Are you drowning in debt--finding it almost unbearable to take a breath? If you're in a spiraling cycle of debt and can't get the funds to pay your bills any longerand have gotten so far behind that it is a physical impossibility, without a miracle, to ever catch up, you shouldn't hesitate to give a non-profit debt consolidation service a call. There may still be options for you.
When you get in touch with this company they will provide you with a certified credit counselor. Your counselor will need all of your financial information; all past due accounts,balances, and you gross income you receive in a month. From there, they'll provide you with a payment schedule designed with your unique situation in mind.
When the plan is made, your creditors will be contacted to get your bills renegotiated, many times as much as 50% sometimes even more. You will no longer send any payments to your old creditors but it will all be sent as one payment to the debt consolidation company. They take that payment and after subtracting their service fees (which are already included) they dole out the rest to your creditors as per the agreement.
As long as the company that you have selected is legitimate, you can feel confident that they will make your payments on time every time--all that you a required to do from now on is send them that one monthly payment; they take care of everything else. They will send you a monthly report so you can watch yourself progressively climb out of debt.
This is a really big decision to make, as you can see, trusting some company to handle your finances like that. You absolutely must research these companies beforehand; use good sense and make sure they are listed with and have a good standing in the better business bureau.
The company you choose should also provide opportunities for financial education for those who wish to learn proper money management skills. 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. Your counselor will need all of your financial information; all past due accounts,balances, and you gross income you receive in a month. From there, they'll provide you with a payment schedule designed with your unique situation in mind.
When the plan is made, your creditors will be contacted to get your bills renegotiated, many times as much as 50% sometimes even more. You will no longer send any payments to your old creditors but it will all be sent as one payment to the debt consolidation company. They take that payment and after subtracting their service fees (which are already included) they dole out the rest to your creditors as per the agreement.
As long as the company that you have selected is legitimate, you can feel confident that they will make your payments on time every time--all that you a required to do from now on is send them that one monthly payment; they take care of everything else. They will send you a monthly report so you can watch yourself progressively climb out of debt.
This is a really big decision to make, as you can see, trusting some company to handle your finances like that. You absolutely must research these companies beforehand; use good sense and make sure they are listed with and have a good standing in the better business bureau.
The company you choose should also provide opportunities for financial education for those who wish to learn proper money management skills. 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 find the bad credit debt consolidation assistance you are seeking by visiting mydebtconsolidationsite.us
posted by Credit Counseling at
11:51 AM
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