Are your bills piling up? Are you picking and choosing which creditors to send the minimum payment to–and getting stuck with late charges on the rest? If you’re bogged down in a quagmire of debt, it may be difficult to find the best way out. And if you’re already low on cash, you may not want to elicit help from a professional–because you assume legitimate assistance must be expensive. Luckily, there are non profit debt consolidation experts ready and willing to help.
What is debt consolidation? Think of it this way: if you have five different credit cards, that’s five separate payments to make every month. That’s also five individual balances accruing interest. If you can’t afford to pay all five bills and can only manage, say, three, that’s two late fees that are being tacked onto your overall total. If things continue this way, it’s simple to see that you’re probably not making much headway when it comes to paying off your debts. They could even be growing–and your money is feeding the monster.
With debt consolidation, a consumer credit counselor can combine all of your outstanding debts into one–which means you only have one payment to make each month. These counselors are professionals that are accustomed to dealing with creditors, and can reduce your interest rates, or even settle your debts at a reduced percentage. The best part is, their services are free, which means you can formulate a plan to free yourself from debt without putting yourself under further obligation.
Debt Consolidation Can Be Free for All
Non profit debt consolidation has helped many people start eliminating their debts–without having to work an extra job. And because their monthly payments are usually reduced, they may find there’s a little extra money that can go into savings. Non profit debt consolidation can make it possible for you to stop worrying about the future, and start living it.