Comsumer Credit Counseling

Are you having a difficult time breathing because of the pressures excessive debt and bills are causing you? comsumer credit counseling. Debt consolidation is a way to eliminate your debt without declaring bankruptcy. You can be debt free again. Of course it will take discipline, but there are many nonprofit debt counselors available to help you. You owe it to yourself to investigate all the free services available to you.

Almost everything can be purchased on credit these days. If you have a poor credit history, you may be denied jobs, loans, or even the opportunity to own a home. Make sure your credit report is accurate and if you need help with bills and large amounts of debt, contact a professional. Consumer credit counselors are located in almost every city in North America.

Maintaining large credit balances can be very expensive. For example, if you have a current balance of $20,000, with 19.5% interest and a small monthly payment, it would take over 10 years to pay it off and would cost you an additional $20,000+ just for the interest, which almost doubles the total cost of whatever you bought. But if you consolidate your credit card balances, you can cut this down significantly AND pay off the loan in a much shorter time. It might take some discipline, but life does get better with the help of a non-profit credit counselor's help.

Debt collectors can call you at home and even at work (so long as you have not told them to stop calling you at work) until you pay back your loans. You can, however, write them a letter to make them stop calling. This does not take care of the underlying problem, but it can stop them from harassing you. It is comsumer credit counseling. And, there are many unscrupulous collectors who ignore the Fair Debt Collection laws and still call. Debt consolidation can take of this too without your creditor being able to deny knowledge of having received a letter.

For more information on Fair Debt Collection laws, visit Fair Debt Collection at the FTC's web site.