Credit and Debt Counseling

Credit card counseling?

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2012-07-18 18:04:34
2012-07-18 18:04:34

form_title=Obtain Credit Counseling form_header=This type of counseling can help you raise your bad credit. What do you expect out of this service?=_ Describe your current levels of debt:=_ What types of purchases are you looking to make in the future?=_

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2008-04-14 13:30:11
2008-04-14 13:30:11

A credit counseling agency will attempt to get you a lower interest rate on your credit cards in order to coax you into paying them down. The creditors do not have to accept these terms and can easily reject you, but this is usually based upon your own financial situation and the type of relationship that the credit counseling agency you go with has with your debtors. More often then not, these credit counseling agencies will have a relationship already with these major creditors and already know how much money that they will get as a result of working with them and how much the interest rate will be reduced because of it.

You can usually expect to pay back your entire balance on the debt that you owe and anywhere between six and twelve percent of the interest. This is about half of what your normal interest would be. Again, they do not have to do any of this, but it is what typically will occur when you go through a credit counseling service. When you speak with the potential credit counseling agency be sure that you get all the exact terms and conditions from them. They will usually try to have all of your late payment fees reverted, but this tends to happen when you have a proven track record of about half of a year with them of solid payments.

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Related Questions


Credit card debt counseling services are available from a number of sources. Such sources include Debt Helper, Consumer Credit, and the National Foundation for Credit Counseling.


Consumer Debt Counseling or Consumer Credit Counseling are services that can help you to figure out how to manage your credit card debt. This type of company will usually provide credit counseling services, debt management programs and/or debt consolidation services.


One may obtain credit card counseling by teaming up with a counseling professional to learn and practice a debt management program. These counseling sessions will teach you skills on how to be free of debt.


If you need bad credit counseling advice, seek the help of a credit card counselor from a reputable credit card counseling agency that is certified and licensed. You can check out your local consumer protection agency or Better Business Bureau for recommendations.


Consolidated Credit Counseling Services, Inc. offers services such as reduction of credit card payments. Consolidated Credit Counseling Services, Inc. also offers services for debt management solutions and credit and housing counseling opportunities.


Once you are enrolled in a debt counseling program, using your credit cards is no longer an option. Credit cards are an easy way to mount up your debt situation. One of the principles in debt counseling is not incurring new debts. You cannot use your credit cards when you are undergoing debt counseling. You will also need to cancel your credit card insurance.


Most credit card counseling plans can only decrease the amount of interest you have to pay per year. They don't actually decrease the amount that you owe on your debt.


You will get good help at the Consumer Credit Counseling Service Center. They will help you, if you are having troubles with your credit card account.


The Consumer Credit company offers consumer credit card counsesling on how to reduce your credit card debt on their website or on their phone number 800 769 3571.


They are a number of credit card debt counseling services online that one may go to for help. They include, Takechargeamerica, Creditadvisors, and Familycredit.


When you use a debt counseling service that consolidates your debt for you, you are supposed to make one monthly payment to the credit counseling company instead of paying your credit card companies individually. However, if you come into some extra money and you want to make an extra payment directly to the credit card company, you may need to do some research. Once you sign a contract with your credit counseling company you'll need to abide by the terms of that agreement. Many credit counseling companies want all payments made to your credit cards to go through them. This will mean that you will need to send the extra money to the credit counseling service rather than directly to your credit card company. Another thing to think about is if you do send the funds to the credit counseling service, you might not have any control over which credit card they apply it to. You can tell them where you would like it applied, but that doesn't necessarily mean that's where they have to apply it.


Information about American credit counseling can be found on the official website of Bank of America. Under the Credit Card Assistance category once can find more details about that.


Credit counseling helps people by putting them on a plan to get out of credit card debt. Without this, most people would have no clue as to how get out of debt. ----------------------------------------------------------- The fact that you may be receiving credit counselling will not be known than thus will not affect your credit rating.


Credit Card Counseling Debt Consolidation (CCCDC) is a type of online banking which is offered by many banks. More information on if your bank offers this service can be found on your banks website.


One can find non-profit credit card consolidation by visiting the Consumer Credit Website, a company that specialize professionally in credit and debt counseling.


You can get rid of your credit card debt by faithfully paying off your debt over time and not putting new debt on your credit cards. You can go to credit counseling services for advice also.


Contacting consumer credit counseling services is one of the best things that you can do. Oftentimes your consultation is also free. Check them out at their site or give them a toll-free call at your convenience.


form_title=Receive Credit Counseling form_header=Professionals can help you regain control of your finances. What is your total amount of debt?=_ How many credit cards do you own?=_ Are you currently employed?= () Yes () No What kind of debt do you have?= [] Credit Card [] Auto Loan [] College Loan [] Mortage [] Other


Consumer Credit Counseling Service is the organization you need. They have local branch offices in many cities in the United States.


There are multitudes of free credit counseling services being advertised on the net, but buyer beware. Most of the time these services are being backed by the scoundrels whom consumers owe money to the most, the credit card companies.


AnswerWhen you are undergoing credit counseling, some of your creditors may contact the credit bureaus and put a notation on your credit card report signifying you are going through credit counseling. This notation is neutral and does not affect your credit score in any way. Once you finish the credit counseling, this notation is removed from your credit report. Answeryes it does show up. also just a pointer when you go to geta loan and a banker or a loan officer looks at it it is a very bad thing to have it on your credit report. we lokk at it and see it as you can not mannage money well so why would we want to loan you money.


Typically when you use credit counseling services there has been damage done to your credit already. It affects your credit, but not as bad as if you are paying late all the time and struggling. Typically they help you settle your accounts and sometimes this "settling" l;owers your credit score. Answer 2: Problems that cause you to seek credit card counseling will definitely lower your credit score. But the fact that you used a credit card counselor to help you out of your debt should not negatively affect your credit score, if your credit company is following the Fair Isaac & Company. Fair Isaac is the company who developed the first scoring model which is used by most creditors today. There are companies who follow a different model and as unfair as it sounds, it can affect your credit score. For more information, check the link below.


In some cases your fees may be waived if you use Consumer Credit Counseling.


According to information that is available on the internet there are many people who need help with credit card debt and that the number of people needing help is rising daily. There are websites that offer help for people with debt by offering credit counseling. Some of these sites are the Debt Advisory Centre UK, Money Debt and Credit, BBC Dept and Consumer Credit.


CareOne Credit works with you and your debtors to identify feasible options for reducing your debt, consolidating credit card bills, and has a large base of customers who have benefited from the expertise of this company. They are a for-profit organization, and you must consider your options with similar credit counseling services in order to decide whether CareOne will be helpful to you. Overall, CareOne Credit has positive ratings and is a reputable credit counseling service.



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