Debt Consolidation – Management Plan
Unfortunately, debts can get out of control in front of your eyes. Keeping up with payments, keeping track of statements and making sure everything fits within your budget can be overwhelming very quickly. If some of this seems too familiar to you, you may want to consider consolidating your debts.
With a debt management program, an expert in credit and debt will help you consolidate your debts, reach agreements with your creditors, manage your money and provide peace of mind that your debt is being serviced.
A debt management program can help you take control:
- Reducing your monthly payments
- Reducing or stopping the accumulation of interest
- Restoring your credit
- Completion of the constant collection calls
- Relieve the stress associated with managing your debts
When you enter a debt management program, you will personally work with a credit counselor who will tailor a plan to your unique needs. They will negotiate, on your behalf, with your creditors and make sure you are receiving the best possible payment plan that fits your budget.
Types of debts that you can consolidate with a debt management plan
It is important to note that not all debts can be consolidated with a debt management program. To your knowledge, we have compiled a list of debts that can be consolidated with a debt management program.
- Debts on credit cards
- Debts for unsecured personal loans
- Unsecured loans from credit unions and credit card debts
- Apartment rentals for an apartment where you no longer live
- Mortgage balances of “short wages” (when you lose your home and still owe money)
- Debts of recovered cars (for non-payment)
- Credit card debts from retail stores
- Gas cards
- Debt from non-governmental student loans
- Cell phone bills due for a service that no longer has
- Past utility bills for a service that you no longer use
- Medical bill debt that is already in collection
Get the help you need
A debt management program will not only help you get your finances back, but it can help you avoid more drastic debt relief options like bankruptcy. Dealing with debt is not easy or fun, that is why it is so important that you work with a professional who can guide you in the right direction and provide you with all the information you need to make the best possible decisions considering your current financial situation.
If you are now looking for help to deal with your debt, we can help you. Contact us today.