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Consumer Credit Counseling Is the Secret to Maintaining Good Credit

Consumer Credit Counseling Is the Secret to Maintaining Good Credit

don't get squeezed by debt with consumer credit counseling

Experian, TransUnion and Equifax are three major credit bureaus in the United States, and they are the agencies that gather financial information on every American consumer. The information collected informs your potential creditors of how well you have paid your bills in the past.

When you apply for a mortgage or an auto loan, prospective lenders will want to know something about your financial history. This information will help them decide whether or not you are likely to re-pay the loan. For this purpose, they will ask to do a credit check, and they will obtain your credit reports from the bureaus listed above.

The Consequences of a Low Credit Score

If your future lenders discover that you have obtained a department store credit card, for example, but that you have missed payments, they may be wary of lending you a large sum of money for a house or a car. If they decide to offer you the loan, they may charge you a very high interest rate. This makes the loan much more expensive than if you could have qualified for a lower rate.

Lenders are not the only people who will be interested in what is written in your credit reports. If you are applying for a job where you will need to be in charge of money, the employers will ask to do a credit check. If they read in your reports that you have significant debts, they may place your resume at the bottom of the pile. Because you have low credit scores, insurance companies may charge you higher rates, and you may need to offer the utility companies a deposit before you can obtain services from them. That’s why Consumer Credit Counseling is so helpful for people in need.

What Consumer Credit Counseling Can Teach You

A Consumer Credit Counseling company like CreditGuard will help you increase your credit scores and maintain them at a high level. You will learn how to read your credit reports and how you can correct faulty entries. You will learn what your future creditors will look for in your reports and how you can ensure that you receive the best interest rates possible.

Don’t apply for a new loan before you learn everything you can about your credit reports. Contact a credit management company for the counseling you need today.

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Find Credit Card Relief Today

Credit card relief doesn’t have to be a pie in the sky dream that you hope might one day happen to you. It is available right here, right now, in the form of a credit counseling service. Credit counseling is a type of credit management that is consumer-centric, meaning that your needs come first. It is specially designed to help you get rid of your debts quickly, save you thousands of dollars in interest payments, and teach you how to be financially savvy in the future.

Find Relief from Debt – Where to Begin

You begin your path to credit card relief by reaching out. Ask a credit counseling service for help with your debt. You will begin the process in a room or on the phone with a professional counselor who will help you construct the most important table in your financial life – your home budget. A home budget looks at all of your household’s income, debts, and monthly expenses and determines where you need to cut back in order to live within your means.

A credit counselor like CreditGuard of America will give you tips on ways to save money that make sense for you and your family. Most important, though, may be the simple step of looking at all of your money in front of you and tracking every expense as you make it. Staying within budget is the first step to finding credit card relief.

The Next Step – Consolidating Your Debts

Once you know how to stay out of debt as well as how much you can afford to pay off the debts from your past, consolidation is the next step to becoming truly free and clear. The credit counseling service will set you up with an account to which you pay an affordable payment each month.

In return for your low monthly payment, the service will negotiate with creditors and get you lower interest rates, lower monthly payments and waived fees, so you don’t have to worry about your credit score. With the regular payments, your credit score will go up, which will make you eligible for even lower interest rates in the future. Some clients reported that they paid off all of their debts more than six times faster using debt consolidation than they would have just making the minimum payments.

Are you ready to be free of all your debts and have credit card relief? Sign up for a credit counseling service today.

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Finding Help with Debt

Finding Help with Debt

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We live in a world of revolving credit, which means we also live in a world of uncontrolled debt. Every college student is encouraged to apply for low-balance credit cards and student loans, and some of those application processors persuade them that it will be “good” for establishing credit. However, these students rarely have the tools required to manage their debt and credit. This can cause years of turmoil for the struggling graduate who is trying to get out of debt while trying to establish a life and career for their future.

Debt Consolidation Services

An increasing number of people are seeking help from credit counseling or debt consolidation services. Debt consolidators can help with you get out of debt by reviewing the client’s financial information and help them develop a debt management plan. The debt consolidator will contact the creditors and negotiate lower monthly payments and lower interest rates. Then, one monthly payment is made to the debt consolidator who then distributes the money to the creditors. This makes it easier for the debtor to achieve true debt management while paying off their unsecured debt.

Credit Counseling

Non-profit debt consolidation services are required to provide credit counseling and debt management education to their clients. To get out of debt is only the first step in complete debt management, and by offering education for at least personal budgeting, money management and credit management, debtors are more likely to be financially secure in the future. Credit counseling can help both individuals who are trying to manage their debt and also those who simply want to learn how to manage their finances better.

Services Provided

A reputable debt consolidation service like Credit Guard will have accredited and trained credit counselors who will work with you to reduce your payments to one monthly payment that you can afford. They should offer a free initial consultation, and there should not be upfront fees for their services. Any agreement between you and the consolidation service should be in writing with all fees and services listed.  Moreover, these professional and accredited services will help you get out of debt once and for all, while simultaneously creating and maintaining a financial plan that will be manageable and easy for you to manage.

Debt consolidation services are designed to help you eliminate your overwhelming debt and guide you on the road to financial freedom, so you can concentrate on your life and career.  If you are constantly finding yourself financially struggling, do not fret, or be overwhelmed by your current financial situation – there is a way to get out debt.  Seek financial advice to help you help yourself with the knowledge and experience from a professional.  Getting out of debt is only the first step to building, sustaining, and maintaining an individual life that you deserve.

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