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Learn several little-known credit repair techniques that can be used to legally remove bad credit from your credit report, even if it's accurate. |
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| Become Debt Free with our Debt Consolidation and Credit Counseling Program.
Make bad credit a thing of the past and make your way to financial freedom. With our debt management program, you will pay off your credit card
bills and other debt with little or no stress at all. |
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- Consolidate your high-interest debt.
- Consolidate high-interest debt such as credit cards.
- Your overall monthly payments will be reduced and may even be tax deductible.
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| Get online legal help to repair bad credits affordably.
Get your free credit report online, offering repairing bad credit information and monitoring, everything repairing bad credit related, view your report online in minutes.
The fact is that if your credit needs repairing, one person
is in the best position to fix it -- YOU
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| Debt Consolidation Counseling Services |
Want to pay all your bills with one check?
Debt Consolidation Counseling Services may be the answer. It's not a loan or bankruptcy but a program, run primarily by nonprofit organizations, that helps reduce interest rates, eliminate late-payment fees and lower payments. With
Debt Consolidation Counseling Services, organizations such as Consumer Credit Counseling Services and Myvesta.org arrange for you to pay off your debts within three to five years, although it may vary depending on your needs. That's a pretty attractive idea, considering it takes the average person 10 to 20 years to make credit balances disappear. However, participating in a
Debt Consolidation Counseling Services could affect your ability to get new credit or a loan because some creditors will put a red flag to lenders on your credit report. Here's how the plan works:
- After giving a Debt Consolidation Counseling Services
the account names, numbers and balances that you want to combine, she will help you work out a budget and determine how much you can afford to pay toward your debts.
- The consolidator will then contact your creditors and work out payment arrangements.
- You make a monthly payment directly to the consolidator, who will pay the creditors on your behalf.
- The accounts placed in the program are frozen until they are paid in full.
Shop around to find Debt Consolidation Counseling Services
that works for you. The "Credit Counseling in Crisis" report cites seven reasons to reject a counseling agency:
- High fees If the setup fee for a debt-management plan (DMP) is more than $50 and the monthly maintenance fee is higher than $25, look for a better deal.
- So-called voluntary fees Some agencies claim that their fee is voluntary but will pressure you to pay their full asking fee. Never pay more than you can afford.
- The hard sell If the agency aggressively pushes debt "savings" or the possibility of a future debt-consolidation loan, beware.
- Commission based counseling Avoid counselors who get commissions for putting you in a DMP.
- The 20-minute test An agency that suggests a DMP in less than 20 minutes hasn't spent enough time examining your finances. Effective counseling sessions, by phone or in person, generally take 30 to 90 minutes.
- One size fits all Some agencies only offer DMPs. If educational options such as classes or budget counseling are not proposed, keep looking.
- Aggressive ads Don't fall for slick TV and Internet advertising, or telemarketers; many agencies charge unreasonable fees or offer no counseling. Shop around and call the Better Business Bureau to check for complaints.
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