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One can locate a debt counselor by being realistic and sensible. Beware of telephone calls or emails that arrive out of the blue from credit counselors offering their service. Interview several agencies before making a choice, and don't be afraid to ask around for recommendations.
What else can I help you with?
Who does one talk to when you need money fast?
"When one needs fast money, a good person to talk to would be a credit counselor. A credit counselor can educate you on how to come out of debt and avoid future debt."
Debt Counselor?
A Debt Counselor is a professional who is trained to assist people with debt management problems. When a person becomes a Debt Counselor they will be hired by individuals who need financial assistance. The Debt Counselor will work with the person who hired them to find out where the problem is at concerning the individual’s financial situation. The Debt Counselor will use different techniques such as budgeting, consolidation, and debt negotiation to help the client get back on track. A Debt Counselor will help the individual by first determining the amount of debt they owe. Then they must figure up what the person or couple can afford to pay per month. They assist the customer by organizing an affordable monthly payment plan to help pay off all of their debts in one combined payment. After the payment plan is worked out, the customer will send the payment to their Debt Counselor. The Debt Counselor will then send small payments monthly to each of the creditors that money is owed. If possible, the Debt Counselor will try to work with the companies that are owed money to get the amount owed or the interest rate reduced. Also included in the monthly payment will be the fee to the Debt Counselor for their services. It is the duty of a Debt Counselor to determine if the payment plan for their client is realistic. They will state whether or not they feel that the payment plan will work. If the Debt Counselor feels it will not work, they may recommend that the client file for bankruptcy. Other areas that a Debt Counselor will assist an individual with are their daily spending habits. They work with their client to try to reduce the amount of money that is spent for items that are not necessary. They will help plan a budget and organize with their client how much they can spend, and where. All pay will be reported and organized through the hired Debt Counselor. An individual will be considered for a position as a Debt Counselor if they have a degree in Business, Education, or even Psychology. Sometimes a person may be hired if they have Accounting and other credit industry experience as well. It is very important to know how to read a credit report from the major reporting companies such as Experian, EquiFax, and TransUnion. The more experience a person has, the better the chance they have in becoming a Debt Counselor. An experienced Debt Counselor will average around $50,000- $55,000 per year.
How does one go about a debt settlement?
If you need to get a debt settlement it would be best to speak with a trusted debt counselor. Sometimes a debt will need to be quite big to be settled. A low debt would get dismissed and you'd have to pay the whole amount.
Can you get help with your debt recovery?
Yes you can get help with your debt recovery. I would recommend to see a counselor on this one. They can guide you through what you want to accomplish and will give ideas and useful tips on debt recovery
Where could one locate a credit card debt consolidation service?
Credit card debt plagues thousands of people. Consolidating your cards can help tremendously when trying to organize your finances. Debt consolidation services can be found through companies such as, CareOne Debt Relief Services, Capital One Financial Assistance or No More Debts.
Are there lawyers who specialize in debt consolidation and levis?
If you were to ask a debt counselor about the best route to eliminate your debt, it is very likely that he will tell you to seek out a debt consolidator. Debt consolidation is an excellent, smooth way to eliminate your debt. If your goal is to consolidate your debt, you have several options. You could, for instance, utilize a company that specializes in debt counseling. A company like the one just mentioned will try to negotiate lower interest rates and payments with your creditors. All of your debts will be consolidated into one payment to them, which they will use to pay off your different creditors.
Is consumer debt relief a deceptive advertisement?
"Debt relief" is a vague term and could mean a lot of different things. Most of the advertising that you do see or hear is somewhat deceptive, especially debt settlement or "debt negotiation" companies that promise to help you get out of debt for only 50 or 60 percent (or less) of what you owe. Most of the time, these companies do not deliver on their promises, which could leave you in a worse off position. Check out the link below about debt settlement companies and their BBB ratings. Consumer debt relief could also potentially refer to credit counseling. Credit counseling could also be a bad choice for some people, and it is almost never a good idea to work with a for profit company that charges high fees. Even an aggressive non profit agency could be a bad choice if they are just trying to enroll you in a debt management plan without regard to your situation. If you need help with your debt (this means you are having trouble getting out of debt on your own), your best bet is to contact a reputable non profit credit counseling agency. Be sure that the credit counselor looks at your entire situation, getting a good idea of what kind of debt you have and what your income and expenses are, before recommending any particular options. The counselor should give you advice and, even if he or she recommends a debt management plan, should not aggressively pressure you into one option or another. Be sure to find a counselor that is knowledgeable, answers all of your questions, and is honest and knows what he or she is doing. Check out the links below for tips on finding a good credit counselor.
How can one identify and locate debt on a balance sheet?
To identify and locate debt on a balance sheet, look for line items such as "long-term debt," "short-term debt," or "notes payable." These entries represent the amount of money the company owes to creditors. The notes to the financial statements may provide additional details about the debt, such as interest rates and maturity dates.
How can you pay off credit card debt fast?
My advice would be to go to a debt solutions counselor. I would look in the yellow pages for one in your own area and work with them face to face. This often gives you a better idea of what your choices are, rather than calling or working with a counselor over the web.
What kind of services can one get from a debt advice bureau?
Debt advice bureau provides a range of different services from online where one could email them or speak to them over the Internet to over the phone where one could speak to a debt advisor to in person where one could go into a debt advice shop and speak to an advisor face to face.
Where could one find information on how to reduce debt?
There are many places where one could find more information on how to reduce one's debt. The best places to go would be to visit a bankruptcy lawyer or a debt consolidation company.
Where could one find debt consolidation help for free?
There are many places where one could find debt consolidation help for free. These places include, but are not strictly limited to, Care One Debt Relief Services and ConsultNBS.
