Credit Counseling
Credit Counseling

How Credit Counseling Can Help You Prepare for the Holidays

As the holidays are approaching, you could be panicking and wondering how you are going to buy gifts, handle traveling expenses and otherwise cover the costs of the season.

In the past, you might have always reached for your credit cards to handle such costs, but if you’re in over your head, it’s a good idea to do something about it now. These are a few ways that credit counseling can help you prepare for the holiday season.

Lower Your Monthly Bills

If you are feeling crippled by all of your credit card bills and loan payments, you could wonder how you can afford to eat, much less purchase holiday gifts. Working with a credit card counseling company can help you get your bills under control, such as through debt consolidation. Then, you can reduce your monthly bills drastically, which can help you breathe and help you prepare for the costly holidays.

Learn About Proper Credit Management

Talking to a credit counselor can help you understand a little more about what you can afford and how using credit can affect you during the holiday season. Learning how to handle your finances now can help prevent you from making costly mistakes this winter.

Save Your Credit Score

If you’re behind on your bills, your credit score could be suffering. Working with a credit counseling company can help you preserve your good credit score. Although it’s not recommended that you go into additional debt for the holiday season, it can be a relief to know that your credit score is preserved.

Believe it or not, a good credit counseling service can help you prepare for a less stressful holiday season. If you contact us at Christian Credit Counselors today, we can help you get your finances under control for the holiday season and into the future.

Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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    Debt Consolidation
    Debt Consolidation

    Three Reasons To Go With Debt Consolidation

    It does not take long to realize that debt is a real problem. When paying bills or trying to ignore a collector’s calls gets overwhelming you know that you need help. It seems as though the solutions are impossible. Money will not fall from the sky. Is bankruptcy your only choice? No! Debt consolidation is a real solution and here is why:

    Debt Consolidation means Less Hassle and Less Fees

    With so many bills due each month, it is easy to lose track. Different amounts, different companies, and different due dates make it very easy to miss a payment or send one in late. This means more fees and more calls. When you consolidate your debts, you have one payment to make. You are able to pay on time. You no longer have to worry about which one is due. You no longer have to juggle the bills depending on how much money you have. You make one simple payment.

    Debt Consolidation Allows You to Pay Your Debt

    You are not looking for a hand out. You want to pay what you owe. With debt consolidation, you are able to do just that. By simplifying how you pay, you can actually pay off what you owe. This not only gives you the satisfaction of knowing that you paid it off, but is much easier on your credit report than other methods.

    Debt Consolidation makes the Goal Clear

    In order to accomplish anything, you must have clear goals. This is true of your debt. With debt consolidation, you have one clear goal. Each month, you will see how that goal draws closer and closer. By making the goal clear, you are far more likely to achieve!

    Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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      Creditt Counseling
      Credit Counseling

      Safely Accelerate Debt Repayment with Credit Counseling

      Paying off your credit card debt quickly by falling prey to a debt settlement scam is often disastrous to your financial health. By receiving credit counseling, you learn about the best ways to accelerate the debt payoff process without jeopardizing your credit score. According to a recent article by thestreet.com, a new study out of Texas A&M shows people who take small steps and set reachable goals are more likely to become free of debt. When you talk to a trained credit counselor, you don’t get caught up with frustrating ways of handling debt or embarrassing solutions such as bankruptcy. Many people love the fact that their credit counseling sessions remain confidential. Because taking small steps lead to the best results, consider some of the ways to overcome a slow climb out of credit card debt.

      Setting Reachable Financial Goals

      Whether called reachable or realistic, your short-term goals provide the traction needed for the longer term goals. Some reachable financial goals include enrolling in a debt consolidation program. By meeting your small short-term goal of paying the monthly debt repayment plan amount, you get closer and closer to your loftier goal of a debt-free life. Experts say goals are measurable, realistic, specific, actionable and time-sensitive.

      Aligning Budget with Income

      Another small step you can take is to come up with a more reasonable budget that is not based on the income you wish you had but on actual income. Aligning your budget with your income is trickier if you receive commission checks, work on speculation or freelance. Independent contractors who receive variable income each week should wait until they receive their money and then revise a budget based on the actual income instead of projected income.

      Stopping the Urge to Spend

      While consolidating credit card debt is important, it’s only part of the solution. With credit counseling, you learn how to avoid the spending temptation as you pay down your debt. You can get out of debt 80 percent faster with some credit counseling services, but you need to create a stable financial foundation before using credit cards again. Once you are out of debt, the goal is to charge only what you can pay off in full each month.

      Once you decide to get out of debt, you don’t want it to take an eternity. At Christian Credit Counselors, we help people overcome the urge to backslide into credit card debt as they make small steps to pay off their credit card debt.

      Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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        Christian Credit Counselors
        Christian Credit Counselors

        Simple Fixes for Runaway Credit Card Debt

        Despite the best of intentions, it is easy to fall quickly into credit card debt. When you struggle to pay just the minimum payment on your credit card bills, take logical steps to untangle the mess with Christian credit counseling. According to an article by businessinsider.com, the average American family has about $15,000 worth of credit card debt. Ignoring credit card debt results in more credit card debt. By facing debt with helpful Christian credit counselors, you can master your personal finances. Experts say there are several clues that let you know your debt is out of control. Debt counselors will help you with simple fixes.

        Getting out of Debt Denial

        Dodging bill collectors is one sign you are in denial about your credit card debt. With Christian credit counseling, you face your issues whether you have a spending problem, a job layoff or medical issues that are beyond your control. A credit counselor encourages you to list your debt and set priorities. By signing up for a debt management plan, you get out of debt faster.

        Setting a Payoff deadline

        By enrolling in a debt management plan at a Christian credit counseling agency, you find out precisely when you will pay off your credit card debt. According to businessinsider.com, a lack of clarity with regard to debt payoff creates stress. If you try to pay off debt on your own, your payoff date could be 20 years away. However, people are often surprised to learn they can pay off debt 80 percent faster with the right debt management plan.

        Paying off instead of Transferring

        Another common mistake consumers make is to transfer their debt from one card to another. Balance transfers don’t work for most people because the zero percent introductory APR doesn’t last. You will likely feel tempted to run up your debt on the old card after transferring previous debt.

        Other personal finance mistakes include sacrificing your savings plans in order to pay off debt. When you get a tax return, windfall or other monetary gift, put it aside in a savings account. You will prevent runaway debt because you have cash to pay for financial emergencies. Meanwhile, you can continue to pay off old credit card debt by making one monthly payment to creditors. Debt consolidation often alleviates the anxious feelings related to runaway debt.

        At Christian Credit Counselors, we strive to help our clients by giving them positive solutions for their runaway credit card debt. Talk to us about strategies for paying off debt and improving your credit score.

        Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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          Debt Consolidation
          Debt Consolidation

          Debt Consolidation When Underestimating Your Debt

          When it comes to unpleasant realities such as massive credit card debt, a lot of people underestimate what they owe. It is natural to want to believe things are in a better financial situation than you really are. With the help of a certified credit counselor, you can face your debt as well as address it with a debt consolidation plan. According to an article by Nasdaq.com, the typical American household owes more than they admit do themselves. Research by the Federal Reserve Bank of New York indicates a major discrepancy between self-reported debt and bank data for bankruptcies, home equity loans and mortgages. As far as credit card debt, the people studied stated they had $2,000 of debt, while actual credit report data showed they actually owed $3,500. Instead of staying in personal finance denial, consider consolidating your debt with a debt management plan.

          Overcoming the Social Stigma

          Experts say one reason people deny how much credit card debt they have is because they feel ashamed. By receiving Christian credit counseling, you enjoy the support of a non-judgmental counselor who cares about your financial and spiritual health. Paying off your debt with debt consolidation gives you a feeling of empowerment. Once you pay off your debt, you will likely enjoy the social benefits that comes with greater wealth. After paying off you credit card debt, you can use the money allocated for debt for retirement savings.

          Feeling Motivated to Pay Off Debt

          A credit counselor often acts as your personal finance cheerleader, motivating you to get and stay out of debt. Debt awareness is a major factor in turning around your financial situation. Once you are aware of how much credit card debt you have, you can start a plan for financial change. Your credit counselor will negotiate better interest terms so you will spend less money on your repayment plan.

          Setting up a Realistic Budget

          Another important part of becoming debt free is working on a realistic budget. Some people make the mistake of only guessing how much money they spend each month. To get out of denial, write down all of your bills and expenses. Learning to live within your means helps you on the path to wealth.

          At Christian Credit Counselors, we work hard to teach our clients about budgeting and debt repayment. We will show you how to improve your credit score, consolidate debt and budget for future goals. Instead of financing your dreams, you can save up for specific financial goals including a new home, retirement or college.

          Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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            Debt Consolidation
            Debt Consolidation

            How Debt Consolidation Can Help You Climb Out of Debt

            It’s easy to get in over your head financially. An unexpected expense or unforeseen circumstances can make it impossible to pay your credit card or medical bills. It’s not your fault, but unfortunately creditors aren’t so understanding. If you’re seeking options to get out of debt, you’re already on the right track. Christian Credit Counselors is a non-profit organization that provides credit counseling services. Our credit experts will evaluate your unique financial situation and explore various options, including debt consolidation.

            How Debt Consolidation Works

            Debt consolidation allows you to lump your unsecured debts (personal loans, medical bills and credit cards) into one easy, affordable monthly payment. Instead of having to make multiple payments to different creditors each month, you’ll make just one monthly payment. You won’t need to worry about keeping track of when each debt is due. The amount you pay each month is based on the amount of debt you owe. Since Christian Credit Counselors has a relationship with hundreds of creditors, we’ll help negotiate to get the interest rates reduced. Your consolidated payment may result in you paying much less each month.

            Benefits of Consolidating Your Debt

            Consolidating your debt helps improve your credit rating. Negative debts can affect for your score for up to seven years. Once you enroll in our debt consolidation program, the accounts will appear on your credit report as “managed by a credit counseling agency.” Payment history is the largest component of your credit score. By making timely payments your credit score will begin to rise. The positive account history can help offset some of the negative accounts that may already appear on your credit report.

            You’ll also get out of debt faster when you choose to consolidate your debts. Our average client actually pays off their debt up to 80 percent faster.

            Facts about Debt Consolidation

            Debt consolidation won’t erase your debt, but it will make your debt more manageable. Calls from creditors and collection agencies will stop. You won’t continue incurring late fees or over-the-limit fees. Even if your aren’t currently late or behind on your bills, we can still help. Our consolidation program is designed to help people climb out of debt.

            Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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              Please contact us today for to determine the best option for you.

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              Christian Credit Counselors
              Christian Credit Counselors

              Credit Card Counseling When Debt is at Pre-Recession Levels

              Experts say credit card debt declined for years, but is back to pre-recession levels. Many individuals leaned how to save and practice frugality during the Great Recession. By receiving Christian credit counseling, you can get a refresher on budgeting and financial goal setting as well as learn how to consolidate debt and boost your credit score. According to a recent article by cnbc.com, credit card debt in the U.S. will likely hit $900 billion by the end of 2015. The average American household’s credit card debt will end the year at about $7,810, which is the highest in 7 years. Instead of reverting to poor financial habits of the past, consider Christian credit counseling.

              Working on your FICO Score

              Experts say the average FICO score in the U.S. is 695. When you receive credit counseling, you learn about your own credit score and how to improve it. With a bankruptcy, your credit score rapidly falls. However, many people who go through a debt consolidation program with a reputable non-profit agency notice their credit score greatly improve over time.

              Paying off Your Credit Card Debt

              The cnbc.com article points out many people think it is fine to have a high outstanding balance on their credit cards. A bankrate.com study discovered 77 percent of people didn’t know a high outstanding balance hurts their credit score. With Christian credit counseling, you overcome the misconceptions and myths regarding personal finance issues. When you sign up for a debt management plan, you pay off all of your credit card debt so you no longer have a high outstanding balance.

              Diving into your Spending Behavior

              Another benefit of credit counseling is you learn not only how to get out of debt but the risk factors you face as far as perpetual debt. When you understand how you got into debt, you can make changes to your behavior and attitudes. You will likely have more money to save for retirement and goals when you stop trying to impress friends or relatives with purchases you can’t truly afford.

              Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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