Thursday, September 24, 2009

Consumer Debt Help - How You Can Get Your Debts Paid and Keep Good Credit

The days of your mailbox being filled with credit card offers are past and more people than ever before are looking for consumer debt help. The problem is that finding what type of debt help you need is not always easy. There is more than one type of debt relief available and you have to evaluate which one is going to work best for your individual financial situation.

The best place to start looking for help is with a nonprofit consumer credit counseling organization. These companies are in the business of helping your get out of debt and if they do not have the help that you need they will refer you to someone that does. If you are interested in budgeting and information on saving, they also have this available.

A debt counseling program consolidates all your unsecured debt into one total balance. You make one payment each month to the credit counseling company and they disburse it to your respective lenders. The big benefit of this type of program is the reduced interest rates. Most of your APRs will be dropped to around 10% and this not only will give a huge dollar savings, it will also give a time saving of about five years, if you were only making minimum payments.

Credit counseling will stop your collection calls and put you on a path that will eventually arrive at debt freedom. If you are tired of trying to figure out how you are going to make ends meet each month, contact a consumer debt help organization. It is as easy as filling out the simple online form and it can be done as soon as today.
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