Are the bills coming in faster than your income? If thats the case take heart for there is help at h
Are the bills coming in faster than your income? If thats the case take heart for there is help at hand.
There are plenty of Non Profit Organizatio that cater to people such as yourself. They provide financial advice or debt repayment pla and charge a small fee for the same. You simply pay one fixed sum to them who then di urse the same to all your creditors in an agreed proportion.
A major benefit received from enrolling in such a service is understanding that these cou elors have a lot of clout with creditors. Firstly, creditors are ha y to see you pay a little extra to manage your finances rather than quickly declare bankruptcy. Also, a lot of these creditors have already built a previous relation with your cou elor. Finally, the creditors also save a bunch of money (up to half) in not having to employ collection agencies to recover their dues from you.
Choose a Debt Cou elor hailing from a non profit firm as you have already ent too much and these organizatio get their funding from creditors not you. Privacy is not usually an i ue and they dont sell your information but make sure you confirm this first.
Make sure you know what you are signing up for. You should be receiving services such as Credit Cou eling, a Debt Repayment Plan and Budgeting Advice. Check your enrollment and service fees. Needle to say the more you receive for le , the better! It is also good idea to have all this put in writing and sent to you before you proceed.
Finally, ask if the organization belongs to any profe ional grou such as the Better Busine Bureau or the National Foundation for Credit Cou eling. Since you will be sending them your money get to understand how they are audited and how your funds are protected.
After you have done all the above research put all your bills together and talk to the credit cou elor. See if you can have them help you reduce your interest rates and waive late fees to help reduce the burden a little. It might also be po ible to get the cou elor to have your account made current, with no pending dues from the past.
Once you have got back on track in repaying your dues it is extremely important that you watch your expe es very carefully to e ure that you dont find yourself in the same situation. Most of us realize only what our large expe es are without a clear notion of the smaller ones.
It is after all, the small things in life that make a big difference.
There are plenty of Non Profit Organizatio that cater to people such as yourself. They provide financial advice or debt repayment pla and charge a small fee for the same. You simply pay one fixed sum to them who then di urse the same to all your creditors in an agreed proportion.
A major benefit received from enrolling in such a service is understanding that these cou elors have a lot of clout with creditors. Firstly, creditors are ha y to see you pay a little extra to manage your finances rather than quickly declare bankruptcy. Also, a lot of these creditors have already built a previous relation with your cou elor. Finally, the creditors also save a bunch of money (up to half) in not having to employ collection agencies to recover their dues from you.
Choose a Debt Cou elor hailing from a non profit firm as you have already ent too much and these organizatio get their funding from creditors not you. Privacy is not usually an i ue and they dont sell your information but make sure you confirm this first.
Make sure you know what you are signing up for. You should be receiving services such as Credit Cou eling, a Debt Repayment Plan and Budgeting Advice. Check your enrollment and service fees. Needle to say the more you receive for le , the better! It is also good idea to have all this put in writing and sent to you before you proceed.
Finally, ask if the organization belongs to any profe ional grou such as the Better Busine Bureau or the National Foundation for Credit Cou eling. Since you will be sending them your money get to understand how they are audited and how your funds are protected.
After you have done all the above research put all your bills together and talk to the credit cou elor. See if you can have them help you reduce your interest rates and waive late fees to help reduce the burden a little. It might also be po ible to get the cou elor to have your account made current, with no pending dues from the past.
Once you have got back on track in repaying your dues it is extremely important that you watch your expe es very carefully to e ure that you dont find yourself in the same situation. Most of us realize only what our large expe es are without a clear notion of the smaller ones.
It is after all, the small things in life that make a big difference.
