Debt Counseling
Credit Counseling, Debt

Debt Counseling as a Helpful Tool for Reducing Your Lifetime Cost of Debt

When it comes to your credit score, there are different tools to assist consumers struggling with too much debt. By accepting debt counseling as a personal finance improvement solution, you learn that many factors impact your credit score. Whether you are late on payments, how much available credit you use, how long you have had credit cards and how many credit cards you have all affect your score. For people who feel overwhelmed and can’t pay the minimum balance on all of their cards, the perfect solution is debt consolidation. According to recent article by credit.com, there are several helpful tools to boost your credit. After talking with a certified credit counselor, put the different tools to work for you.

Spending alerts

One helpful tool is a spending alert that keeps your spending in check. Most experts advise you don’t spend more than 30 percent of your available credit. If you find you have surpassed that benchmark or maxed out your credit limits, seek out debt counseling. A credit counselor helps you set up a budget as well as a debt management plan to get completely out of debt.

Payoff calculator

A payoff calculator is fund to use. When you consult with a credit counselor for a debt counseling session, you learn how to get a handle on your debt. You come up with a plan together to pay off the credit card debt. What’s even better is the fact that a debt management plan gives you an exact payoff date so you know how long it will take to free yourself of credit card debt.

Fraud alerts

It is important to have fraud alerts and protection on your accounts. To avoid becoming a victim of identity theft, make sure you have passwords on your accounts. Also, check your credit report and fix any errors. A credit freeze protects you if someone has messed with your financial and credit accounts.

Other helpful tools include budgeting, using cash to pay for items instead of credit and looking at a lifetime cost of debt calculation. Seeing how much money you spend on interest often opens your eyes to more positive alternatives. With debt consolidation, you save money on interest so your lifetime cost of debt is much lower.

At Christian Credit Counselors, we dedicate ourselves to our customers. For more information about debt counseling and how to pay off your credit card debt 80 percent faster than with other methods, please contact us.

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Debt Consolidation
Debt Consolidation

Debt Consolidation to Tackle and End Rising Credit Card Debt

To end rising credit card debt, consider debt consolidation. During the spring, most people clean their homes and look forward to a tax refund. Other people dread owning the IRS. Whether you owe money or get a refund, debt consolidation can help you stabilize your financial situation. According to a recent article by thealternativedaily.com, there are 7 easy ways to tackle and end rising debt. If you have a lot of credit card debt, a Christian Credit counseling company will assist you in tackling the debt through a debt management plan that satisfies your creditors. Experts say consumer debt will cost you more in coming months because of rising interest rates. Credit card debt went up a dramatic 1,500 percent between 1980 and today. At the same time, many people underestimate how much they owe credit card companies.

Start a payment plan

When you sign up for a debt management plan, you get a built-in payment plan without having to think or fret about anything. A credit counselor does the work for you by talking to creditors, lowering interest rates and consolidation your credit card debt. Instead of making minimum payments on each credit card, you make one debt consolidation repayment.

Free up extra cash

To save money in your budget, look for places you can easily cut. Some people find they are paying more than they need to pay for smart phones, cable or subscriptions. Although your savings might seem small, they add up. Check your insurance plans as well for places to save.

Consolidate the smart way

If you take out a personal loan through a bank, you could end up with more debt over the long run. A debt management program helps because you stop using your credit cards. In addition, most people obtain a lower interest rate. To insure your success, consider an automated plan to move money from your bank account to your debt consolidation bill each month.

Talk to a credit counselor

According to the article by thealternativedaily.com, another smart financial move in the spring is to talk to a trained credit counselor. Working with a trained professional means you don’t have to go it alone. A credit counselor is a great resource with ideas on debt consolidation with easier payments.

After you get going in the right direction, make sure to never miss a payment. You can improve your credit score over time by getting out of credit card debt. Put money aside in savings for emergencies. At Christian Credit Counselors, we help consumers interested in slashing their credit card debt and making a fresh start this spring. For more information on debt consolidation, please contact us.

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Debt Consolidation
Debt Consolidation

Debt Consolidation When Credit Card Debt Reaches a Lifetime High

If you compare yourself to the average American, you may feel embarrassed or elated by your personal finances. However, many people deal with credit card debt that reached all new highs this past year. According to a recent article by fool.com, you can avoid becoming a bad credit card or debt statistic by looking into debt consolidation. A credit counseling company fills you in on what you need to do to consolidate your credit card debt into one manageable payment. You will likely feel motivated to pay off credit card debt after comparing your personal financial situation to that of other Americans.

Collecting credit cards

If you have the habit of collecting credit card, consider debt consolidation. When you enroll in a debt management plan, you stop taking out new credit. According to the Federal Reserve Bank of Boston, 72 percent of American consumers have at least one credit card. If you have a handful of credit cards, you are not necessarily doing anything wrong. However, if you only pay the minimum, it’s a sign you need debt consolidation.

Paying off your debt balance

With debt consolidation, the goal is to improve your credit over time by satisfying creditors. You enjoy the feeling of satisfaction of paying off what you owe. At the same time, what you owe goes down because of credit counselors who negotiate a better interest rate for you. As far as how much debt is “normal,” CardHub reports the average credit card debt was about $7,800 per household. If you owe $8,000 on one credit card alone, you likely need as much help as a consumer who has eight credit cards with $1,000 balances on each.

Credit card delinquencies or failing to pay your bill on time hurts your credit score. Experts say the answer includes debt consolidation as well as good budgeting. Some tips for improving your financial situation include putting aside money for emergencies, paying off credit card debt and making payments for your debt management plan. With automatic payment, you protect your credit.

At Christian Credit Counselors, we educate consumers to help their financial standing. For more information on debt consolidation, please contact us.

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Christian Credit Counseling
Christian Credit Counselors

Christian Credit Counseling Can Help You

Christian Credit Counseling Can Help You
christian credit counseling
No one is immune from finding themselves in a situation where debt is consuming them. A bad accident, loss of a job, and loss of a loved one can all contribute to a situation where someone is incurring a lot of debt and not much money to pay it off with. Thankfully, Christian credit counseling can help.

Christian Credit Counselors is a 501(c)3, non-profit organization that seeks to help people get out of debt. We help anyone who seeks out our services get out of debt. But the heart behind our services is based on biblical morals and principles. We believe God doesn’t want people to be chained down by anything, debt included. We also believe that God wants us to take good care of the money and resources he has trusted us with.

Anyone who has experienced debt before knows it is a heavy burden. But we don’t want you to have to carry that burden anymore. Our Christian credit counselors can help you consolidate your debt by creating one payment for you with a lower interest rate then you are probably paying on many of your debts. Gone are the days of writing many checks, making tons of phone calls, or logging into multiple websites to pay different bills. Getting out of debt is hard. It takes dedication and focus. But we want to make it as easy for you as possible.

Contact us today at Christian Credit Counselors to find out more about how our debt consolidation program can help you get out of debt, and how our education tools can help keep you out of debt in the future.

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