Christian Credit Counselors
Christian Credit Counselors, Credit, Credit Cards, Credit Counseling, Debit & Your Credit Score, Debt, Debt Consolidation, Uncategorized

Debt Consolidation and Your Credit Score

Your Financial Choices

Every financial choice is going to affect your credit report.  The best thing to do is to make your monthly payments on time in full.  Unfortunately, this can’t always happen.  If your debt is out of control, you have the option to choose debt consolidation.  Is this the best decision for your credit report?

Consolidating Your Debt Loan

The goal of debt consolidation is to make it easier to pay off debt.  In turn, this will raise your credit score and improve your credit report – assuming you make the monthly payments without defaulting.  Debt consolidation also makes room for a new line of credit – assuming the debt is paid first.  Making the switch from two or three to one large sum is another story.  Is that the right move for your credit report?  The answer is yes.  Your credit report will show that the previous active accounts are closed and cured through consolidation.  The consolidation is a new account where you can start fresh.  However, some moves will hurt your credit score.

In what form will the consolidation be?  Choose between a debt loan, debt management plan, home equity loan and a single credit card.  Preventing a drop in your credit scores depends on the strategies used when you choose a form of consolidation.  All of them have the ability to drop your credit score, but all of them can boost your credit score too.  You need an experienced company such as Christian Credit Counseling to assist you with choosing the best route for your finances.

Lowering Your Monthly Payments

How will it be easier to make monthly payments?  You have the choice of lowering your interest rate or increasing the amount of time it takes to pay it.  Extending monthly payments increases interest rate payments.  Lowering interest rates makes it easier to pay a little extra over the minimum balance.  It doesn’t matter which one is chosen, as soon as this is paid off completely you can add a new credit account.

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, Credit Counseling, Debit & Your Credit Score, Debt Consolidation, Uncategorized

    Forgiving Yourself for Financial Mistakes

    Put an End to Debt

    Nowadays, debt has become a part of everyone’s life.  Sometimes, debt is unavoidable.  You may have medical or school expenses that you didn’t expect.  Maybe you need someone to take care of your elderly parent.  Maybe your child needs more help at school and you have to employ a tutor.  There can be so many reasons why you got into debt that you couldn’t afford.

    Shopaholism: A Real Problem

    Of course, there are also other reasons people get in debt, which don’t have as much to do with necessity.  Maybe you made a couple of bad decisions.  Maybe you bought a car you couldn’t afford or a piece of designer clothing you fell in love with.  Now, you regret your extravagance, but it’s too late to do anything about it.

    There’s a reason why the Shopaholic books have become so popular in recent times.  Not only do you have Confessions of a Shopaholic but also Shopaholic Takes ManhattanShopaholic Ties the Knot,Shopaholic and Sister and Shopaholic and Baby, to name a few, all written by Sophie Kinsella.  We all identify with these books because we’ve all made a few bad decisions at one point or the other.

    Forgiving Yourself and Taking Charge

    Whether your debt problems arose because you’re a shopaholic or because you had unavoidable expenses, it’s time to stop beating yourself up over the past.  You might have made a few wrong decisions which resulted in debt today.  However, blaming yourself is not going to get you anywhere.

    Christian credit counseling believes in the power of forgiveness.  It’s time to forgive yourself and move on.  Once you begin to let go of the burden of guilt and shame, you can start taking charge of your life and eventually become the person you’ve always wanted to be.

    Accepting Financial Help

    Debt and credit counseling can be one of the first steps to lead you in the right direction.  You might feel like you have a lot of work to do, from finding work that you love to giving your family everything that they need.  And you may not feel as though you can handle everything on your own.

    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, Credit Counseling, Debit & Your Credit Score, Debt, Debt Consolidation, Debt Settlement, Uncategorized

      Debt Settlement Scams – Asking the Right Questions

      Avoiding Debt Settlement Scams

      Unfortunately, there are plenty of companies out there that prey on those trying to get their debt under control. In most cases, these companies refer to themselves as debt management organizations. They often promise to act as the go between with you and your creditors; promising a low monthly payment plan to help you pay off debt.

      Though the idea sounds legitimate, what most people don’t know is that these companies tack on serious interest to your payment plan for profit. This can either inflate your monthly payment are extend you payback time considerably. Before committing to an agreement with one of these companies, be sure to seek credit counseling first to learn more about real, legitimate debt consolidation.

      How to Determine if a DMP Company is Legitimate

      • Ask the representative if their company is an accredited non-profit credit counseling agency. The accreditation will usually be listed with the COA (Counsel on Accreditation) or the ISO (Organization for Standardization). Also do research on the company to find out if any consumer complaints or lawsuits have been filed against the organization.
      • Be sure to ask if counselors are certified for debt management. These certifications should encompass credit counseling, budgeting, and/or credit consumer laws.
      • Be prepared to ask representatives what information they will provide you with other than a debt management plan enrollment. For instance, will the agency teach you money management or budgeting skills? And if they do provide education materials, are they free?
      • If a DMP or Debt Management Plan is all the company offers, be sure to ask if part of the DMP is reserved for the credit counseling payment. In some cases, these companies will tack on additional fees to your DMP plan without your knowledge.

      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: Taking Back Financial Freedom

        Dealing with Debt

        If you are in debt, you are not alone. There are many people who understand your story. Many of us have been there ourselves. Several people have gotten out of debt, and so can you. If you are searching for a way to deal with all of your overwhelming debt, an organization like Christian Credit Counselors may be able to give you some kind of relief.

        Debt Consolidation

        Debt consolidation can help you get out of debt, and it can be done as an affordable option. The debt consolidation program will do whatever in its will and power to make improvements in the payments and interest rates of your debts. Negotiations can be made with the creditors to come up with reasonable terms for your debt. When you have better rates and payments, you can make better progress when paying down the debt.

        Christian Credit Counselors can consolidate your debt into a low monthly payment. In many cases there will be a reduction in your interest rates. When the interest rates are reduced, you can usually pay off the debt in about five years or less.  Debt consolidation is effective because it gets down to the heart and soul of the issues, which is the interest rates. When the debts are combined into one payment, the interest rates will be more reasonable. You will not have to spend all of your income on your debt payments or declaring for bankruptcy to get the debt off your back.

        Debt Counseling

        Before debt consolidation begins, there will be a counseling appointment where all of the financial issues will be assessed. You will have a counselor who is knowledgeable and understanding, and the counselor can make the session motivating and informing. If you want to know if debt consolidation can work in your favor, you should seek out help from the an organization like CCC

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          Christian Credit Counselors, Credit Counseling, Debit & Your Credit Score, Debt, Debt Consolidation, Debt Settlement, Uncategorized

          Credit Counseling vs. Debt Settlement

          Resolving Your Debt

          If you have decided to resolve your debt, you may be looking at different options available to help you through the process.  Although debt settlement may seem promising beware.  The reasons below explain why you should consider credit counseling instead of debt settlement.

          Debt Settlement Is Often A Scam

          You have probably seen the ads on the internet indicating you can become debt free with debt settlement.  The reality is there are many companies out there that are looking to make money and don’t have your best interest in mind.  Debt settlement companies have been accused of failing to work on the behalf of consumers and not contacting creditors as they had promised. They collect the fees but don’t actually do anything for the consumer.  Debt settlement companies are for profit and consumers will owe taxes on the any forgiven debt.

          Debt Settlement Is Too Good to Be True

          Debt settlement companies often promise that the consumer will be debt free in an unbelievably short time period.  They indicate that they can negotiate to settle the debt at a fraction of the amount the consumer actually owes.  The fact is that this is too good to be true.  The consumer ends up paying a significant set up fee and monthly service charges to the debt settlement company so in the end they are out more money and their debt has not been improved.  Some consumers end up in worse debt than when they started.

          Credit Counseling is a Realistic Way to Resolve Your Debt

          Don’t despair.  Although debt settlement is not the way to resolve your debt you do have another option that will help.  Credit Counseling will provide you a solution to your financial issues.  You can enroll in the Debt Management Program (DMP) in which all of your unsecured debt will be consolidated and you will pay one monthly payment.  Christian Credit Counselors will work with creditors to reduce your interest rates which helps you pay off the debt within about 3-5 years.  Your monthly payment will go to Christian Credit Counselors who will send the funds directly to your creditors.  In the end you will have paid off all of your outstanding debt and your credit score will not be negatively impacted.

          Tell Me About Christian Credit Counselors

          Christian Credit Counselors is licensed in 31 states, been in business over 24 years, and has helped over 300,000 individuals. Christian Credit Counselors has certified counselors to help answer questions and provide solutions.  Several accreditations and certifications include the Better Business Bureau A+ rating and the Council on Accreditation.  Christian Credit Counselors is a non-profit organization that provides educational tools and credit counseling to help consumers regain financial control.

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            Debt Consolidation and Your Financial Health

            Debt: The New Normal

            Nowadays, it’s pretty normal for most people to have a certain amount of debt.  From school loans to credit card debt, there is a vast array of places that people owe money to.  Sometimes, it’s necessary for you to get into debt.  For example, if you’re taking out loans to go to school, that’s often a justifiable debt.  After all, getting a degree is likely to help you to get a better job.  At other times, the things that make people get into debt don’t seem as justifiable e.g., a new car when the old one was still in good shape.  At Christian Credit Counselors, we’d like to help you to resolve your debt issues.  But we’re also interested in helping you lead a healthy lifestyle where you won’t get into unnecessary debt.

            Admitting to Financial Problems

            The first step towards healthy finances might be admitting that you have a problem.  For most people, this isn’t the case.  You might be in debt because of a serious illness which led to many medical bills.  Or you might be in debt because of unavoidable school loans.  However, if you do have a problem with impulse purchases and you’re constantly going over your budget, you can get help.  There are many support groups out there for people like you, and you are not alone.

            Budgeting Basics

            Obviously, the basics of budgeting are simple: don’t spend more than what you earn.  Still, with credit cards at your disposal, it’s hard to stick to this rule.  And often, people just don’t keep track of how much they spend.  So it’s necessary to sit down every month and figure out what you’ve been spending your money on.  If you find that you made frivolous purchases, don’t beat yourself up.  Just return what you bought, if you can, or make sure that you stay away from such purchases in the future.

            Debt Consolidation

            Given that people are often in debt from various sources, you may need debt consolidation.  With Christian Credit Counselors, you can reduce your interest rates and pay off your debt faster.  We’ll sit down with you and come up with a plan for paying off everything you owe.  Right now, you may be struggling to pay off cards with high interest rates.  You might feel like you’re not getting anywhere.  But with debt consolidation, you can come up with a plan whereby you’ll pay off your debt and gain financial freedom.

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              Christian Credit Counselors, Credit Counseling, Debit & Your Credit Score, Debt, Debt Consolidation, Personal Goals

              Credit Counseling and Your Financial Freedom

              Escaping Debt

              Everyone is not going to have the proper knowledge or ability to climb out of debt on their own. There are people who need someone else’s help to guide them out of debt, by tightly holding their hand and walking them through it. If you are one of those people who needs credit counseling, you do not have to be ashamed because there is absolutely nothing wrong with this.

              Non-Profit Credit Counseling

              If you make the decision to receive help from the outside, a great direction to take will be to receive help from a non profit credit counseling agency. There is absolutely no reason to feel embarrassed when you are considering help; you will not be the only person who is seeking help. There are plenty of ways that a non-profit credit counselor from an agency like Christian Credit Counselors can help you.

              Before you have to sign up for something, a good credit counseling agency will consult with you to determine the kind of debt situation you are in. There will be some firms or agencies that will charge you a fee, but it will generally be an amount that is not more than $100. A credit counselor will want to know about your goals, for both short-term and long-term. When they ask you this, the counselor you are speaking with will want you to carefully think about all of the other things your future can be without worrying about your debt.

              Your Debt Management Plan

              An agency like Christian Credit Counselors will be able to take a close look at the debt you have, along with other financial concerns. When they gain an understanding of everything, they can help figure out a way you can get out of debt by making some changes in the way you spend money. If necessary, you may need to be part of the Debt Management Program/Plan. A DMP is a way to pay back all of the outstanding debt in full by making monthly deposits.

              There will always be a percentage of people who will think about filing for bankruptcy. A good credit counseling agency will help you find other ways to handle your debt situation. Bankruptcy will stay on your credit report for a number of years, and it will not have a positive impact on your credit history.

              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 Counseling After a Medical Event

                Unexpected Financial Catastrophes

                We never want to imagine what could happen if our spouse had a stroke or severe heart attack. We believe we’ve planned well for any medical needs. We’ve got enough savings to tide us over. Our health insurance will cover every possible cost. We’ll be fine.

                Unfortunately, medical catastrophes are among the most common reasons for a couple or family to experience severe debt. It’s difficult to cope physically and emotionally with a medical catastrophe; add financial trouble to the mix and your mind struggles to sort it all out.

                Health Insurance and Medical Bills

                The pressure often becomes unbearable. Even if you have good health insurance, medical bills for a sudden injury or illness can pile up. Those unexpected co-pays, deductibles, and any supplies or medications that aren’t covered can be a very unpleasant surprise. A home-use hospital bed doesn’t come cheap. Neither does skilled nursing care.

                Your loved one’s medical needs continue after being released from the hospital, but you may not be able to take time from your job to perform the multiple tasks. A family member may not be available to help either.

                You will need to keep complete and accurate records and submit claims to the insurance company. Follow-up doctor appointments will need to be kept. What about physical therapy or rehabilitation? What if your spouse needs counseling to help him cope with the loss of independence? What if you need counseling in order to cope with the disability?

                Weighing the Financial Alternatives

                You want the best available care for your loved one. Everybody does. But the bills can still mount up. It’s easy to find yourself with a mountain of debt through no fault of your own. Filing bankruptcy is an option, but not a good one. It costs a significant amount of money, not to mention the detrimental effect on your credit rating.

                Christian Credit Counseling has been helping people just like you resolve debt issues for over twenty-three years. We understand the financial problems that can overwhelm you. We also understand the emotional costs.

                We will arrange a repayment plan that fits your needs perfectly. There will be no damage to your credit history. And we will not only pray for you, but rejoice with you as you gradually pay off your creditors until everything is listed as “Paid in Full”.

                <p class=”p1″>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.</p>

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                  Credit Counseling – The Financial Adavantage

                  The Credit Counseling Advantage

                  We are impressed with the power of credit counseling, and you should be too. In fact, here’s how credit counseling can change things for you:

                  Get Out of Debt Fast

                  Our certified credit counselors are available from 6am to 5pm Monday through Friday. Our offices are also located in San Diego, CA. Our goal during our time with you is to help get you out of debt. How do we achieve this?

                  We deal with all of your creditors. We negotiate your rates and you send us one monthly payment that we will send to your creditors. We also give you tools and methods to stay out of debt for good! Our mandate as a non-profit is to educate our customers so they can lead the life that God has intended for each of us.

                  We will help you to avoid any fees or charges that your creditors have made against you. We will also get your interest rate lowered, as well as the total cost of a payment that you owe. By setting up arrangements with your creditors, we help you to avoid creditor harassment. This means no more calls asking for payments.

                  Financial Freedom

                  With payments being made to one place, this can help to reduce stress and get your credit back in shape quickly. You will know where your money is going and that it is being used to positively affect your credit score. With a higher credit score, you have the financial freedom to lower interest rates on future loans, get the loans you need for a home, car, education and more.

                  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, Credit, Credit Cards, Credit Counseling, Debit & Your Credit Score, Debt, Debt Consolidation, Money Management, Uncategorized

                    Debt Counseling Firms – Signs to Look For

                    Drowning in Debt

                    When you are drowning in debt and can’t seem to make a dent, it may feel as if there is no answer. Many individuals want to avoid filing for bankruptcy if possible because of the long-term negative effects. However, few know about the alternatives that are available. Debt counseling can help you get back on track financially, as long as you choose the right firm.

                    A Non-Profit Organization

                    There are many for-profit companies that claim to help you get out of debt more quickly. However, these businesses are looking to make money themselves. This means they aren’t likely to find you the lowest interest rates and may even turn debtors away because they don’t think it is worth the effort. A non-profit organization is typically only involved to help people. Money isn’t a factor.

                    Accessibility

                    Debt counseling isn’t something that can often be completed in one session. You may need to talk to a representative multiple times to complete the tasks. Because of this fact, it is essential to choose a firm that can be accessed through email or phone for the best response times. Look for a company that offers extended hours and a toll-free number to make communication easier.

                    Experience and Qualifications

                    Debt consolidation is a sensitive matter. You need to be certain you are working with a firm that can give you the results you are looking for. As you evaluate each firm, check into the amount of experience they have, how many creditors they work with and what qualifications their counselors must go through. This will ensure you make the right choice to eliminate your debt more quickly.

                    If you are interested in debt counseling, it is time to learn what to look for. When you understand what a good firm will offer, you can increase the chances of making the right choice and decrease your risks of getting scammed. After all, the end goal is to eliminate your debt, not find yourself in deeper financial problems.

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                    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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