Living with a large amount of credit card debt or personal loans can be incredibly stressful. From trying to keep up with payments to never knowing when you’ll have financial stability, too much debt can make life miserable. Fortunately, debt relief consolidation services offer a solution for getting out of debt.
Debt Relief Consolidation And Eliminating Debt
In debt relief consolidation, you work with a debt management company to combine all the money you owe into a single lump sum. This allows you to make one payment per month instead of many payments to multiple creditors. A debt management company may also be able to work with creditors to reduce the amount you owe or the interest rates on loans and credit cards.
The debt relief consolidation plans at ACCC are designed to address the needs of your specific financial situation. Here’s how it works:
- First, we’ll perform a detailed evaluation of your finances, including your debts, expenses and income.
- Then we’ll help you create a workable budget to pay off your debts, usually within five years.
- Next, in the debt relief consolidation phase, we’ll pool all of your debts, consolidating credit cards, personal loans, and other unsecured debts. You can make one payment to us each month. ACCC will disburse payments to creditors on your behalf.
- We’ll also communicate with your creditors and work for a possible reduction in interest rates on your loans and credit cards, elimination of late fees and over-limit charges, and a reduction in the amount of time it will take to pay off your debts.
Additionally, ACCC offers a broad range of educational resources on our website and through newsletters and self-directed studies. You can learn more about credit card debt consolidation loans, creating budgets, credit scores and more.
If you are looking to eliminate debt speak with a certified counselor at ACCC today. Call 800-769-3571.