Debt Management Programs and Credit Counseling Services FAQ's
How do the debt management and credit counseling programs work?
How do I know if these programs are for me?
Why shouldn't I just take out an equity loan to pay off my creditors?
Wouldn't it be easier for me just to declare bankruptcy?
Will 800CreditCardDebt work with all types of debt?
Why can't I negotiate with my creditors?
Will bill collectors really stop calling me?
Is it safe to sign up over the Internet?
How do the debt management and credit counseling programs work?
The 800CreditCardDebt agencies allow you to pay off your existing unsecured debt under new terms. These new terms may include lower interest rates, lower monthly payments and waived late and over-limit fees. These programs do not require you to declare bankruptcy or take out a new loan. Take two minutes to request information today.
How do I know if these programs are for me?
If you're finding that you can only make the minimum payments on your bills, and your balances never seem to go down, 800CreditCardDebt agencies can help. If you're behind in your payments and facing late fees, 800CreditCardDebt agencies can help. If creditors are calling you or your loved ones at all hours, 800CreditCardDebt agencies can help.
Why shouldn't I just take out an equity loan to pay off my creditors?
A new loan won't reduce your present debt. It will only reshuffle the credit problems you already have. In addition, you can lose your home if you fall behind on mortgage payments. 800CreditCardDebt agencies could allow you to make smaller payments at a lower interest rate without putting your home at risk.
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Wouldn't it be easier for me just to declare bankruptcy?
Bankruptcy should always be a last resort. In the short term, bankruptcy sounds good to many people. After all, what could be better than having the majority of your debt wiped clean? The problem is that creditors have very good memories, and your bankruptcy will show up on your credit report for at least ten years. 800CreditCardDebt agencies may not only reduce your monthly payments, but in many cases it can actually improve your credit rating through what is called the re-aging process. Be sure to ask your credit counselor for more information.
Will 800CreditCardDebt agencies work with all types of debt?
The debt management and credit counseling programs work with all types of unsecured debt; such as credit cards, department store cards, medical bills, unsecured personal loans, and collection agencies.
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Will 800CreditCardDebt agencies work with all types of debt?
The debt management and credit counseling programs work with all types of unsecured debt; such as credit cards, department store cards, medical bills, unsecured personal loans, and collection agencies.
Why can't I negotiate with my creditors?
Our experience has been that creditors are only willing to work with certified organizations. Our agencies are approved by the Internal Revenue Service under section 501(c) 3 of the Internal Revenue Code.
Will bill collectors really stop calling me?
Yes. 800CreditCardDebt agencies understand that being trapped in debt can cause unbearable stress and anxiety. Harassing phone calls from your creditors only make things worse. Once you become a client, the calls from creditors will ultimately stop. If some creditors continue to harass you, our agencies have ways to make them stop.
Is it safe to sign up over the Internet?
Absolutely. 800CreditCardDebt agencies have gone to great expense to ensure that ALL the information you provide us with will be kept safe, secure and strictly confidential. You can also access all of your accounts with these agencies online 24 hours a day, seven days a week.
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