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CREDIT COUNSELING/DEBT MANAGEMENT: Interested in Lowering Your Interest Rate?
What is Credit Counseling?
Consumer Credit Counseling Services (CCCS), also referred to as Debt Management, is a program which helps consumers eliminate their debt load in a shorter amount of time than would be possible making only the required minimum monthly payment. This is accomplished when a credit counseling service contacts and negotiate a set monthly payment with each creditor, thus reducing the interest rate the consumer is responsible for paying each month and making the road to a debt-free life a reality in the foreseeable future.
Credit Counseling/Debt Management is a viable option for people carrying a moderate debt load ($10,000-$100,000) but who are not struggling to make their monthly payments. The main goal accomplished through Credit Counseling/Debt Management is to lower the interest rate the consumer pays every month. For people carrying a high debt load (upwards of $100,000,) Credit Counseling/Debt Management might not be sufficient to reduce your debt in a reasonable amount of time. This is because, with Credit Counseling/Debt Management, the credit counseling company negotiates a lower interest rate with each of a consumer's creditors. Unlike with debt resolution, Credit Counseling/Debt Management does not settle the debt for less than what is owed. This program might not necessarily be beneficial to consumers with a high debt load in that they will likely remain in this program for a longer period of time than they might expect from other programs we here at High Level Debt Solutions have access to. The only savings that comes with a program such as this is a lower interest rate (the entire original balance owed is still the responsibility of the consumer to pay back.)
Credit card companies make most of their profit from the high interest rates they assign to consumers. Most people who request a reduction in their interest rate from their creditors are denied (even if every minimum monthly payment to date has been made on time.) Consumers find themselves paying more money over a longer period of time just to pay off what seemed originally like a minimal balance on a credit card, but that because of monstrous interest rates has turned into a long-term commitment of repayment. If you are feeling bogged down by interest rates, then Credit Counseling/Debt Management might be a viable option for you (in that it guarantees you a lower interest rate than you would be paying if you can continued just making the minimum payments to your creditors every month.)
Is Credit Counseling/Debt Management Right For Me?
As a program, Credit Counseling/Debt Management is most appropriate for consumers who are not struggling to make their monthly payments, but nonetheless have become frustrated over the fact that making those regular payments has done very little to reduce their debt load over time and are also interested in reducing the interest rates they are responsible for paying every month. This is also one of the best options for consumers who wish to avoid creditor collection actions as well as "delinquent" marks on their credit reports.
Here are a few of the benefits of Credit Counseling/Debt Management:
Here are a few of the disadvantages of Credit Counseling/Debt Management:
To learn more about Credit Counseling/Debt Management or to see if your situation qualifies you for this program as a solution to ridding yourself of your unsecured credit card debt once and for all, call High Level Debt Solutions at 1-844-220-9642 now to speak to one of our qualified credit counselors who will provide you with a no-cost quote of what you can expect to pay and the savings you can hope to enjoy by enrolling in this or one of the many other programs we have access to. What have you got to lose except for MORE of your hard-earned cash in high interest rates? Call High Level Debt Solutions today at 1-844-220-9642
High Level Debt Solutions
808 R Street, Suite 209
Sacramento, CA, 95811
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