debt consolidation credit counseling philadelphia

  

debt consolidation credit counseling philadelphia Help & Advice

Debt Counseling: If you’re not disciplined enough to create a workable financial budget and stick to it, can’t work out a repayment plan with your debtors, or can’t keep track of mounting bills, consider contacting a Debt Help organization. Many Debt Counseling organizations are nonprofit and work with you to solve your financial problems. But be aware that, just because an organization says it’s “nonprofit,” there’s no guarantee that its services are free, affordable, or even legitimate. In fact, some Debt Help organizations charge high fees, which may be hidden, or urge consumers to make “voluntary” contributions that can cause more debts.

Most credit counselors offer services through local offices, the Internet, or on the telephone. If possible, find an organization that offers in-person Debt Help. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit Debt & Bill Counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.

Reputable Debt & Bill Counseling organizations can advise you on managing your money and debt, help you develop a budget, and offer free educational materials and workshops. Their counselors are certified and trained in the areas of consumer credit, money and money owing management, and budget. Counselors discuss your entire financial situation with you, and help you develop a personalized plan to solve your money problems. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.

Debt Help Program: If your financial problems stem from too much bills or your inability to repay your money owing, a Debt Negotiation agency may recommend that you enroll in a Debt Help Plan (DMP). A DMP alone is not Debt Couseling, and DMPs are not for everyone. You should sign up for one of these plans only after a certified Debt Help has spent time thoroughly reviewing your financial situation, and has offered you customized advice on managing your money. Even if a DMP is appropriate for you, a reputable Debt and Credit Counseling organization still can help you create a financial budget and teach you money management skills.

In a DMP, you deposit money each month with the Debt Couseling organization, which uses your deposits to pay your unsecured bills., like your credit card bills, student loans, and medical bills, according to a payment schedule the counselor develops with you and your debtors. Your debtors may agree to lower your interest rates or waive certain fees, but check with all your creditors to be sure they offer the concessions that a Debt Negotiation organization describes to you. A successful DMP requires you to make regular, timely payments, and could take 48 months or more to complete. Ask the Debt and Credit Counseling to estimate how long it will take for you to complete the plan. You may have to agree not to apply for — or use — any additional credit while you’re participating in the plan.

Make sure your protected

Be wary of Debt Help organizations that:

charge high up-front or monthly fees for enrolling in Debt and Credit Counseling or a Debt Relief Program.

pressure you to make “voluntary contributions,” another name for fees.

won’t send you free information about the services they provide without requiring you to provide personal financial information, such as credit card account numbers, and balances.

try to enroll you in a Debt Consolidation Program without spending time reviewing your financial situation.

offer to enroll you in a Debt Help Program without teaching you money plan and money management skills.

demand that you make payments into a Debt Counseling Plan before your creditors have accepted you into the program

 
 
  Home  l  Contact  l  Program  l  Company  l  Faq's  l  Privacy  l  SiteMap  l  Warnings  l  Resources  l  Testimonial  l  Advice

 © 1999-2009 debt consolidation credit counseling philadelphia Inc. All rights reserved.  l  rss  l  blog  l

Debt Consolidation Counseling blog

Simplify Your Buckets

11/09/11 8:12 pm

maybe this will change things Imagine it’s 1935 and you’re going to the grocery store for laundry detergent and other cleaning products. The first mainstream credit card that could be used for a variety of stores, Diner’s Club, wouldn’t be issued until 1950. Instead, you are likely to possess a variety of envelopes that have cash [...]

Credit Counseling Certification Posted By : Bobby Dee

11/09/11 8:12 pm

thanks for delivering this story to me With the American recession still in place, the unemployment rate still very high and the competitive aspect of the current employment market place a personal financial expert should take a look at new approaches to expand his or her horizons, incorporating a credit counseling qualification in your tool belt [...]

Simplify Your Buckets

11/04/11 10:04 pm

debt consolidation credit counseling austin Imagine it’s 1935 and you’re going to the grocery store for laundry detergent and other cleaning products. The first mainstream credit card that could be used for a variety of stores, Diner’s Club, wouldn’t be issued until 1950. Instead, you are likely to possess a variety of envelopes that have cash [...]

Credit Counseling Certification Posted By : Bobby Dee

11/04/11 10:04 pm

thats funny With the American recession still in place, the unemployment rate still very high and the competitive aspect of the current employment market place a personal financial expert should take a look at new approaches to expand his or her horizons, incorporating a credit counseling qualification in your tool belt could possibly be beneficial in [...]

Simplify Your Buckets

11/02/11 5:08 pm

debt consolidation credit counseling wisconsin Imagine it’s 1935 and you’re going to the grocery store for laundry detergent and other cleaning products. The first mainstream credit card that could be used for a variety of stores, Diner’s Club, wouldn’t be issued until 1950. Instead, you are likely to possess a variety of envelopes that have cash [...]

Credit Counseling Certification Posted By : Bobby Dee

11/02/11 5:08 pm

thanks for visiting today! With the American recession still in place, the unemployment rate still very high and the competitive aspect of the current employment market place a personal financial expert should take a look at new approaches to expand his or her horizons, incorporating a credit counseling qualification in your tool belt could possibly be [...]

Simplify Your Buckets

10/30/11 10:12 am

like our content consider our rss feed! Imagine it’s 1935 and you’re going to the grocery store for laundry detergent and other cleaning products. The first mainstream credit card that could be used for a variety of stores, Diner’s Club, wouldn’t be issued until 1950. Instead, you are likely to possess a variety of envelopes that [...]

Credit Counseling Certification Posted By : Bobby Dee

10/30/11 10:12 am

thanks for delivering this story to me With the American recession still in place, the unemployment rate still very high and the competitive aspect of the current employment market place a personal financial expert should take a look at new approaches to expand his or her horizons, incorporating a credit counseling qualification in your tool belt [...]

Simplify Your Buckets

10/27/11 12:07 am

debt consolidation credit counseling phoenix Imagine it’s 1935 and you’re going to the grocery store for laundry detergent and other cleaning products. The first mainstream credit card that could be used for a variety of stores, Diner’s Club, wouldn’t be issued until 1950. Instead, you are likely to possess a variety of envelopes that have cash [...]