Many people spend years and years balancing a fragile credit card debt with their ability to pay it and eventually even the most inept of personal spender can see the house of cards getting ready to collapse.
When this happens, most people think about turning to credit card debt management companies that advertise their services on television and in other locations. These companies do not really help individuals on a long term basis. Instead, they help them get of the debt they are currently buried under. In a few short years, the same people will probably need the assistance of these companies again for the same reasons. That means that these companies will continue to make earnings off of people who make the same mistakes time after time.
Instead of calling the first service that advertises their assistance on TV, why not get out your phone book and look up the number of a non-profit credit card debt consolidation organization. That way, you can get the help you actually need.
Non-profit credit card debt consolidation services analyze your situation honestly, letting you know exactly what their debt elimination plan will cost you in the long run. That includes the monthly fee that they will charge you for their assistance in the whole process.
Credit card debt management companies charge a service fee too. But they try their best to conceal the amount of that payment from you. Non-profit credit card debt consolidation organizations are not interested in just getting you out of the debt you currently find yourself in. They will no doubt ask you extensive questions regarding your spending habits to help you get your life better organized financially. You will be completely involved in the debt elimination process.
Now The Bad News
If you are a qualified debt consolidation manager which organization would you work for? You would probably work for the one that pays the most, right? A non profit credit card debt consolidation organization can have a difficult time attracting good talent because they do not pay well and in the financial services industry, as you can imagine, money means everything.
If, while receiving assistance from a non-profit debt consolidation service, you feel uncomfortable with your debt manager who is working with you, you can decide to get assistance from another service. Make sure that you ask lots of questions and that you understand exactly what will be done in an effort to fix your finances.
About the Author:
Never able to pay off credit card bill at the end of the month? Find out how to get your debt paid off easier - starting today - on the Debtopedia website. Visit http://www.debtopedia.com to claim your free copy of my special report "Secrets of Credit Card Debt" now.
This year's Faculty Summit
This year's Faculty Summit
0 comments:
Post a Comment