Consolidating credit card debt without hurting your credit

You mentioned having already connected with a credit counselor. I wish everyone seeking out debt help and advice would take the time to talk with a credit counseling agency as part of their search for a debt solution.Speaking to a counselor about your debt and how the agency may be able to help is free.They also have success in getting medical bills and other unsecured debts enrolled in the DMP.Credit counseling monthly payment arrangements with your creditors (that agree to the debt management plan), are helpful if your monthly budget shows you can afford to pay 1.8 to 2.2 percent of your combined debts that are on the plan.

There are too many variables to list from one persons situation to the next, but some generalities can be easily applied to each of us.

Debt Settlement is a confrontational process because creditors are not getting paid and are not agreeing to anything up front like they do with a credit counseling plan.

Using the same 5 criteria I pointed out above with credit counseling, here is how a settlement program stacks up: These are some of the major differences between negotiating credit card balances for less and working with a credit counseling agency.

Most people reading how I compared the above 2 debt relief options would probably choose credit counseling over debt settlement…. The fact is, not everyone can qualify for, or afford a debt management plan.

In fact, about 70 percent of the people that contact a credit counseling agency cannot be helped with a debt management plan.

Search for consolidating credit card debt without hurting your credit:

consolidating credit card debt without hurting your credit-28consolidating credit card debt without hurting your credit-62consolidating credit card debt without hurting your credit-62

Leave a Reply

Your email address will not be published. Required fields are marked *

One thought on “consolidating credit card debt without hurting your credit”

  1. A favorite new tv show for me is 8 Simple Rules for Dating My Teenage Daughters. Continue reading Credit: Josh J (Jessica Alba, Beverley Mitchell, Kaley Cuoco) – Mr. The fictional characters used are the properties of 3 Arts Entertainment, Bad Robot, Cameron/Eglee Productions, Deedle-Dee Productions, Disney Enterprises, Hanna-Barbera …