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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.
What else can I help you with?
Where can one find non-profit credit card consolidation?
One can find non-profit credit card consolidation by visiting the Consumer Credit Website, a company that specialize professionally in credit and debt counseling.
What are some names of agencies that offer credit card debt counseling services?
They are a number of credit card debt counseling services online that one may go to for help. They include, Takechargeamerica, Creditadvisors, and Familycredit.
Can you still use credit card after doing the debt counseling?
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.
If you use a debt counseling service that consolidates your debt for you can you still make payments to your credit card company directly?
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.
What help will one receive at a Consumer Credit Counseling Service center?
Consumer credit counseling services help overextended credit users eliminate high interest rate credit card debt. It's their mission to help you regain financial stability. Certified credit counselors evaluate your debts, budget, and credit. Then they help you identify the best way to get out of debt in your situation.debtredemption.
Where can a person get advice on credit counseling?
There are a number of sites one can visit to get advice on credit counseling. One can find such advice at the 'National Foundation for Credit Counseling' or 'Better Business Bureau' who have a good advice on choosing a credit counseling agent.
Where can one find more information about major credit card companies?
The use of the online site of banks can give much of the information people seek on credit cards. These useful sites have major credit card companies they use & have the info you seek.
With good credit where can one find a free credit card with no annual fees?
With good credit, almost all credit card carriers offer free credit cards with no annual fees. You should contact your provider and seek information about a credit card with no annual fees.
Where can one find online a credit counseling program?
One can find a credit counseling program online by searching credit counseling program. There are many programs out there, each offering different solutions.
How can one find help to consolidate one's credit card debt?
One can find help to consolidate one's credit card debt by checking out websites which offer debt relief and counseling services, for example In Charge, Care One Credit and Consolidated Credit. Other agencies which assist with debt relief are Repay Debt and Prosper.
What are some tips for finding the best credit card?
To find the best credit card for one's needs, one needs to know one's exact requirements. One could seek advice from the bank or from a financial specialist.
Where are some of the places that one could seek consumer credit counciling?
The United States Trustee program keeps a list of accredited consumer credit counseling agencies on their websites. Also, the Federal Trade Commission website details information on finding consumer credit counseling agencies nearby.
