Christian Credit Counselors helps our clients get out of debt through a program of credit counseling and debt consolidation. It is easy to think that you got into debt yourself and can get out of debt just as easily, but sky-high interest rates and late fees contribute to growing debt. Here’s how credit counseling and debt consolidation can help you get and stay out of debt.
Credit Counseling
Credit counseling includes evaluating your income and assets, debts and current monthly budget. Our counselors suggest changes to your budget and may recommend a debt management program to help reduce debt faster. Recommendations vary according to individual circumstances. Counselors help you understand how you got into debt and how to manage your budget and spending habits.
Debt Consolidation with a Debt Management Program
Our credit counselors start a debt management program by negotiating with your creditors to lower interest rates and reduce or waive late fees on each debt.
Credit counselors next develop a debt repayment plan that consolidates payments for each debt into a single payment made to Christian Credit Counselors on a scheduled basis. Our company pays each creditor as agreed in your written debt management plan.
When a debt pays off, the amount previously paid on that debt posts against the next debt. This “snowball” repayment method pays off debt faster. The debt management program continues until no debts included in your debt management program remain.
Debt consolidation through our debt management program reduces finance charges and usually lowers minimum payment amounts. Converting multiple payments to one payment reduces the risk of skipped or overlooked payments.
Our credit counselors contact your creditors once you’re enrolled in our debt management program. Clients typically receive few or no calls from creditors after we activate a debt management program. Don’t try to deal with unmanageable debt alone. Get out of debt with our credit counseling,debt management and debt consolidation services.
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