Overcoming Your Debt

Times are hard for many Americans. Unemployment rate is high and for those that have jobs raises are few and far between but the cost of living continues to increase. Many people are finding themselves in a financial bind and are either living paycheck to paycheck or are unable to meet their financial obligations each month. If you are in a hardship situation or are overwhelmed with debt, then you should consider debt counseling.

Reduction of Expenses

Upon calling the debt counseling agency, we will speak with you about your monthly financial obligations. After reviewing your expenses, we will come up with a payment plan that can fit your budget. The payment plan will still allow for any additional expenses you may accrue throughout the month.

Once we have established a monthly payment plan, we will act as your advocate to the credit card companies. In many cases, we will significantly lower your interest rates allowing for a much smaller monthly payment. Instead of paying all of your creditors, you will make one payment to us, and we will distribute the funds to them.

Light at the end of the tunnel

Once we have established a payment plan, we will set up a time frame to where all of your debt will be paid in full. This usually happens within a five year period. Knowing your debt will be paid off in five years or less will help you breathe easier and allow you to climb out from the debt.

Training courses

In order to complete the debt counseling process, you will have to undergo training courses that will help you better understand how debt works and to help ensure that you never find yourself in a financial bind again.

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.