Debt Consolidation Advice and Resources
Are you or someone you know facing the very real problem of debt? If so, debt consoladation could be the answer for you! Many of Americans today face the problem of debt. In fact, most young adults get their first credit card as soon as they turn 18! Think about that one. An 18 year old doesn’t have the life experience for the most part, to have a real concept, or grasp on money. You get that card and just think that, “oh, time to go shopping.” I know this, because that was me about 5 years ago. Now I’m paying the price. It’s my opinion that credit card companies pray on this fact.
Did you know that upwards of about 89% of Americans are indebted to credit card companies! Is this really a way to live? The answer is no. In the last 5-10 years there has been a rapid growth of debt consoladation firms pop up nationwide.
Can you imagine what it would be like to no longer have to screen phone calls at all hours? To no longer be in fear of debt collectors calling and harassing you on a regular basis. To be free of the constant phone calls, and know that you are doing the right thing. Wouldn’t it feel wonderful to not be indebted to anyone? To be able to pay off your credit in full every month, and to feel like you have a fresh start on building your good standing in the world of credit cards, and loans. If so, Debt Consolidation is the answer for you!
Debt consolidation is a process in which you combine all of your accrued debt from various creditors and compile it into one lump sum with one creditor. In turn, you are lowering your interest rates, and your monthly payments. Debt consolidation firms will also “haggle” with your creditors to pay them off the least amount that they will accept. All of this combined helps in making your monthly payments lower, and helps you to pay it off in a timely manner, making your dream of being debt free come true.
Many non-profit agencies offer free debt consolidation counseling that can assist you in deciding whether debt consolidation is possible for you. There are several factors that go into determining whether a debt consolidation firm is the right one for you. Here are a few to consider;
• What are the signs that I’m in over my head?
• How do I start the consolidation process?
• What is debt consolidation?
• How do I get started?
• After I apply for consolidation, when will I be contacted?
• Do you lend money?
• Will you be able to help me if I’m no longer making my payments?
• Can bankruptcy be a solution?
• How much do you charge for your service?
• What types of debt can be included in the consolidation?
• How can I tell if the account is with the creditor, or has been passed onto a collection agency?
*These statements are merely opinion and compiled facts. This is in no way A means of debt consolidation counseling. This article was written purely for the intent of the realization of many peoples’ situations, worldwide. This is for informational purposes only. If more assistance is needed, please contact a debt consolidator near you!
Debt Consoladation Resources
Debt Consoladation and Debt Relief
About the Author: Jenny Smith - writer, web-publisher