Adding 5-10 monthly credit card bills can overwhelm your bill-pay. Going on vacation or having a hectic few days can result in several late payments and hundreds of dollars in fees.
If you are struggling to manage your debt but unsure of what steps to take, you can look into solutions offered by loan consolidation companies. Many of these paths negatively affect your credit score, require long-term dedication and obligate you to still pay off the majority of what you owe.
Debt consolidation companies communicate with your debtors to negotiate lower rates on your behalf.
When you’ve fallen behind on your payments, it can feel like there’s nowhere to turn.
One potential option to get organized and streamline your bills is debt consolidation.
National Debt Relief offers debt reduction, financial consultations, credit counseling, debt consolidation and education.
National Debt Relief focuses on helping individuals and families get out of debt and avoid bankruptcy.
While it’s not as drastic as debt settlement or debt management, debt consolidation has its own pitfalls that you need to be aware of.
If you need help educating yourself on your debt consolidation options, you can start with the section titled “What is Debt Consolidation?
Cambridge Credit Counseling is a non-profit credit and housing counseling agency that was founded in 1996.
They provide various counseling services and financial literacy education to consumers across the country.
Because there is no general industry consensus as to what the best options are, we have narrowed down your options.