Government assistance with consolidating loans
A debt management plan is a debt relief solution that may be recommended to you after completing a credit counseling session.
You can start a online credit counseling or call the number on the right to speak with a certified credit counselor.
Here’s how to tell the difference between a for-profit debt relief company and a nonprofit debt relief company: If you do end up working with a nonprofit credit counseling company, your counselor may recommend that you join a nonprofit debt management program.
This is a program that consolidates your monthly debt payment into one payment, which may be auto-debited from your account.
In Charge is a 501(c)(3) nonprofit credit counseling organization.While there are no NFCC-nonprofit debt settlement companies, you can receive free advice from a credit counseling company on this method of debt relief.If I have too much credit card debt, is the government credit card debt settlement program the way to go to reduce debt, or is it better to deal directly with the credit card companies to try and reduce the interest rate?You might successfully negotiate with one or two lenders, but once you get beyond one or two, the odds are against you being successful in the long run.So, if you have up to three or so bills and have not already tried communicating with your creditors, I would recommend that you start there.