Do you have more than $10,000 of credit card debt? Are you finding it hard to make your minimum monthly payments — or are you already late and collectors are calling? You are not alone. Debt happens to the best of us. But what can you do about your mounting debts?
A debt management program may help
Debt management is a way of putting a professional intermediary between you and your creditors. A credit counselor will work with you on developing a budget and debt repayment play, but will also contact your creditors for you to negotiate lower interest rates, monthly payments, and reduced or eliminated late fees.
How it works
One of many specialized credit counseling/debt management companies nationwide can help you get started on a debt management plan. Your counselor will work with you to collect all your bills and determine how much you owe. Then, the counselor will contact your creditors and negotiate lower monthly payments and lower interest rates. They may be able to cut your payment in half — all the while reducing your interest rate, getting you debt free faster than you thought possible.
CareOneSM Debt Consolidation is one such management company that we at Arrive Financial strongly recommend. CareOneSM Debt Consolidation can quickly provide you with a no-obligation estimate of how they may be able to help you get rid of your debt and help you get back on your financial feet — and most importantly — avoid bankruptcy.
Request a free information from CareOneSM now »