You contact a credit counseling service, typically over the phone, and walk through a simple budget analysis with a certified counselor.
Credit card debt can weigh heavily on your shoulders and wallet.
If you’re tired of the anxious feelings and precarious payments, you’ll need to learn how to quickly pay off credit card debt.
Dear Debt Adviser, I have about $50,000 of debt on credit cards.
Consolidating multiple credit accounts into one new loan with a single payment may help you lower your overall monthly expenses, increase your cash flow, and eliminate the stress of multiple monthly payments.
Credit Counseling offers one of the most common and legitimate ways to get your credit card bills reduced and under control with a single consolidated monthly payment.
There are benefits and drawbacks to working with a credit counseling service.
Consolidation works best when your ultimate goal is to become debt-free.
This type of credit card charges no interest for a promotional period, often 12 to 18 months, and allows you to transfer all your other credit card balances over to it.
Most credit card issuers require a minimum payment of 1% to 2% of your balance.