It wasn't all that long ago that
American's faced great financial crisis. As a nation, we struggle
with debt, and it keeps us from achieving a better life. Debt
Education is here to help you change all that ... just ask!
REAL PEOPLE ... CARING ABOUT REAL
ISSUES
Debt Management Programs
Many creditors are willing to allow for special repayment plans
for their customers who undergo financial hardship and enroll
in a Debt Management Program.
These debt help programs require the consumer to show a strong
sense of need before being considered. So, just because you buy
a fancy sports car and are now having trouble paying all your
bills, doesn't mean you would qualify. Yes, you owe a lot of money,
but no you wouldn't be able to qualify without being willing to
sell the car. You cannot live above your means and think that
a debt relief program will make it all go away. This is not a
quick fix scheme, in fact it's no scheme at all.
This is not about cheating the system. It is about consumers
who have accumulated a minimum of $5,000 in unsecured debt and
are now unable to make the required monthly payments.
Sometimes bad things happen to good people. An illness, a job
loss, and in no time you've fallen behind on some of your payments.
Being late on even one credit card payment will result in you
interest fees doubling and your minimum payment doubling or tripling.
Interest charges accrue and, being in arrears, late charges will
drive the cost of your unsecured debt up sharply in almost no
time at all. It's easy to see how America has become a nation
in so much debt.
Never missing a business opportunity, many of the major creditors
have hardship programs for customers who qualify. The creditors
sponsor their own consumer credit counseling agencies. Every creditor
offers a different program, which typically benefits them the
most. However, your monthly payments and interest rates are reduced
but never as low as they once were, the outragous late fees are
stopped and accounts are brought current meaning the harrassing
phone calls stop.
There are other financial hardship programs which are more benficial
to the consumer, and you should consider them first. The debt
management programs offered through Debt
Settlement empower the consumer and work 100% to
your advantage, not the bank's.
Debt Management Programs, in general, may:
• Reduce your monthly payments
• Save you thousands of dollars in interest and late fees
• Establish a manageable budget
• Stop harrassing collections phone calls
• Plan a course of action to becoming debt free
What debt can be included? Only unsecured debts:
credit card accounts, medical bills, service charges, personal
loans, signature loans, and certain installment loans can be placed
in the debt help program. Utility bills, insurance payments, membership
dues and other ongoing services cannot be placed in the program,
unless the service is no longer required from the creditor and
there remains an outstanding balance of over $100.
Money owed to friends and family can be placed in the program,
however, in most cases, they are omitted because the friend or
relative is willing offer leniency.
These debt types should qualify for the debt negotiation program:
• Credit card accounts
• Store credit or charge accounts
• Gas charge accounts
• Medical and dental bills
• Personal and signature loans
• Some installment loans with no assets attached
What debt cannot be included? Secured loans,
such as, mortgages, auto loans, leases, student loans, and money
obligations (rent, taxes, child support, alimony and fines) cannot
be placed in a debt relief program.
Don't be shy and don't be embarrassed when speaking to a debt
consultant. They really do want to help you and are listening
to your story in earnest. You need to be completely honest about
your situation so they can best evaluate it with you to choose
the best financial options, in your best interest.
Many financial wellness companies offer a confidential financial
analysis, absolutely free of charge and without obligation. There
is no need for personal contact. All transactions can be handled
via fax, email, telephone or postal service.
We maintain a list of debt help companies that we refer
folks to, please contact us here if you would
like to be refered to one of our referral companies for a no obligation
consultation.
There's a lot of information to read through on
the Debt Education website, but we feel this is extremely important
material. We strongly recommend that you bookmark
this page right now. This will allow you to read
at your leisure, and should you need to attend to other matters,
easily return back here at your convenience.
The Debt Education website was built for you. Please explore
our website. You'll find resources and information on virtually
every aspect of financial planning and money management. These
debt delp resources are designed to help you get out of debt and
stay out of debt. You can achieve financial independence.
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Debt Education PO Box 5156, Santa Cruz, CA 95063
