mortagesandforeclosures

by Frank Froggatt

Are you buried so deeply in debt that you can't see any way out of it? Are you at risk of loosing your automobile or even your home? If so you must to take action now before your dwelling goes into foreclosure or you have to take the option of a bankruptcy..

Credit card counseling debt consolidation non profit companies may be the way for you to pull yourself up out of the crushing weight of your bills and be able to breathe freely again knowing you are taking steps to pay off your debts.

In case you were wondering what these companies can do to help you I have provided a list of all the benefits of using one. 1. You can expect as much as a 70% reduction in your credit card debt.2. All the phone calls from collection agencies will cease. 3. Your bills will be consolidated into one easy payment that will be paid monthly. 4. Your interest charges will be instantly reduced as well as your total debt 5. Credit Counselors will work with your creditors to bring down your payments. 6. Relax and let the credit card counseling debt consolidation non profit company take care of disbursing payments to your creditors. 7. All you have to worry about is making one simple payment to the company and you can rest assured that your bills will be paid on time. 8. You won't be left in the dark has each month you will receive a statement that includes Bill payment times and amounts. 9. Your statements from the creditors will still be received by you.

Normally the interest rates on credit cards vary between a range of 18 and 24%. By making only the minimal payments you can be assured that you'll be paying for them 30 years from now. In most instances when you take advantage of the services that a credit card counseling debt consolidation company offers that can eliminate your interest rates and in most cases the late fees as well In this procedure, you have a chance of saving your credit rating and your creditors get paid as well. All of the parties involved win in this situation, especially you, since your time spent in debt will be substantially reduced.

One important thing to remember is that, as with any type of business, you need to do your homework before you enter into an agreement with a debt consolidation company. This is because on occasion there have been companies that have taken the money from their clients for fees instead of using it to reduce your debt. There have been others who have neglected to pay the payments on time and ruined their clients credit.

Make sure you are clear about how much they will charge for a fee. Don't leave it up to the company to make the decisions on what they do with the money, you need to make sure to let them know that the money is to be paid out to the creditors as soon as they receive it. Debt consolidation can be a godsend but you need to make yourself clear and make sure they are clear about how they do business.

As long as you know what you're getting into and understand the problems that some of these companies can cause, you have a large advantage over most. A reputable credit card counseling debt consolidation non profit company can help you get back on track with your credit and any other financial problems you may be having.

About the Author:

There are a lot of different non profit consolidation companies online to choose from and trying to find the right one can really do your head in, trust me I know. If you want to fast track to the right non profit debt consolidation then visit mydebtconsolidationsite.us

Get all the information and photos:: http://mortgagewide.info/how-a-non-profit-credit-relief-agency-can-assist-you/