Consumer Credit Counseling

By: Sarrah Lee

The first step to seeking help is to understand your options. As consumers continue to struggle with mounting debt, many are looking for help but are unaware of the different debt solutions available. This lack of awareness can make consumers feel vulnerable and consider debt counseling services to be suspect. Debt relief help doesn't have to be confusing, and educating yourself can appease concerns about being mistreated.

There are several options available, but the two most successful and commonly used ones are credit counseling and debt settlement:

Credit Counseling
Credit Counseling is also known as Debt Management. It involves negotiations with creditors to reduce interest rates and fees on your credit cards so that you can pay one consolidated monthly payment to a credit agency, which is used to pay all creditors. Credit counseling is not a quick fix and usually takes 3-5 years to complete. Though the fees and rates may be reduced, it may also require a significantly higher monthly obligation since you are still paying back the principal in full. Therefore, enrolling in a debt management program may not be right for everyone, and debt settlement may be more suitable.


Next Steps:
To start off, the best and easiest thing to do would be to first get in contact with a legitimate debt counseling company and get a free consultation to go over your expenses and determine the best solution customized for your situation.

For more information, you can visit our [http://www.rightstartllc.com]credit debt relief site, which serves as an online resource for debt relief candidates seeking consumer credit counseling and debt settlement services.

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