Improve Your Finances with Consumer Credit Counseling

Oct 10, 2013 by

consumer credit counseling can help protect your money

Like many Americans, you may have high credit card debt. This situation is not unusual, so you don’t have to feel ashamed of it. There is help out there, and it’s called credit management.

You credit situation is very important to many aspects of your life. If future employers ask to do a credit check before you can qualify for a new job, a low credit score could prevent you from gaining the position. When you apply to rent an apartment, the manager will also do a credit check. If the report shows that you have several negative entries, it may be difficult to find someone who will agree to rent to you.

The Point of Credit Management

You could benefit from credit management if you fit into the description above. You may have heard that you can obtain a free credit report every year from each of the three major credit bureaus, but you may not know what you need to do with these reports. Your counselor will start by showing you how to obtain these reports.

After you get your credit reports, you also need to know how to read them. A consumer credit counseling plan from a place like CreditGuard is instrumental in helping people understand what is written in these documents. There may be errors that are driving your scores down. Once you learn whether or not this is the case, your counselor can help you correct them.

Learning What Your Rights Are

The credit industry is regulated by the government, and there are laws that protect you and your rights. If you are having a problem in any area and someone is violating the Fair Credit Reporting Act, your counselor can inform you of this fact and help you ensure that others are reporting the correct information about you.

Discovering How to Increase Your Credit Scores

Entering into consumer credit counseling is one way you can learn how to improve your credit score. Your counselor will help you set up a budget that allows you to establish a good payment history. With this accomplished, your credit scores will begin to rise.

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Consumer Credit Counseling Makes Debt More Manageable

Jun 28, 2013 by

Being in debt is no walk in the park. People experience financial troubles for all sorts of reasons that are out of their control, and it’s often frustratingly difficult to break the cycle of debt.

With debt consolidation help from an experienced, trustworthy credit counseling service, you can simultaneously shorten your debt repayment schedule and accrue these important benefits.

Lower Interest Rates and Smaller Monthly Payments

Many programs and services that claim to reduce your interest rates and monthly payments actually do just the opposite. Some demand that you sign for expensive loans that can take years to repay and accrue thousands of dollars in interest charges; others require you to put up your home as collateral. This is a risky move that can have many unforeseen consequences.

Choose a debt consolidator that negotiates directly with your creditors in good faith. A reputable provider can secure lower interest rates from each of your creditors and consolidate your debts into a single monthly payment that all parties can accept. With the right debt consolidation help, you’ll pay less interest over time and have more money left over in your monthly budget.

Powerful Knock-On Effects

Reduced interest rates and a simplified monthly payment plan are sure to reduce the financial stress that you feel. A more sustainable budget will give you the breathing room that you need to tackle the other debts you might be facing. Use your debt consolidation savings to pay down your mortgage a little faster or tackle those stubborn student loans that have been accruing interest for years. With the right partner, you’ll never have to deal with debt on your own.

Credit Score Protection

protect your credit score

If you’re dealing with lots of unsecured debt or worry that you might run into financial difficulties in the future, you might be considering a number of different options. Unfortunately, some supposed solutions to debt troubles have dramatic side effects. Avoid too-good-to-be true plans that promise fast relief from debt without any trade-offs at all. Since such plans can cause serious long-term damage to your credit score, they may have unintended consequences that aren’t explained upfront.

Money Management Advice That Lasts a Lifetime

Although it can often feel like you’re up against the world, a nonprofit credit counseling organization like Credit Guard will always have your best interests at heart. In addition to negotiating with your creditors to secure favorable interest rate reductions, fee waivers and repayment terms, a reputable outfit can give you top-notch financial advice that you’ll carry long after your debts are gone. You’ll receive a free call and consultation, ongoing money management advice, and a wealth of information about long-term saving and planning. With these tools in hand, you’ll have all the confidence you need to put your debts behind you.

If you need debt consolidation help from a reputable source and can’t afford to take on additional loans, choose a credit counseling service that works hard to improve your financial health and help you reach your long-term goals.

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