Avoiding Credit Counseling Pitfalls - Alternatives Explained by ps94506

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                           Avoiding Credit Counseling Pitfalls: Alternatives Explained

       By National Debt Relief Program
       Dated: Aug 23, 2010

       Today we discuss the ins and outs of credit counseling, as well as what are popular and effective
       alternatives

       The credit counseling process involves experts guiding consumers who are in debt out of debt, and
       educating them on how to stay out of it. But more than just educating consumers, credit counseling often
       involves negotiating with creditors to establish a debt management plan for a client to follow, tailored to
       them and their situation. Yet credit counseling has pitfalls that can be avoided.

        Reduce Your Debt Today:

        http://www.nationaldebtreliefprogram.org/

        A debt management plan as put forth through a credit counseling program may help the consumer repay
       his or her debt by working out a repayment plan with the creditor that includes reduced payments. They
       also typically eliminate late fees and lower interest rates on balances. These plans also typically adhere to
       guidelines established with the input of and by prearrangement with credit card companies.

        Pitfalls

        Credit counseling programs do not have a high completion rate, the cause of which is the subject of much
       debate. Yet other programs can also provide significant debt relief by working directly with creditors and
       also offer programs to consolidate debt as well. These programs to lower one's debt work fast and are
       proven to be effective.

        To learn more about these programs and how to get started, please visit National Debt Relief Program at:

        www.nationaldebtreliefprogram.org

       Category            Credit counseling
       Tags                Credit counseling
       Email               Click to email author
       City/Town           Los Angeles
       State/Province      California
       Country             United States




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