DEBT COUNSELING

Debt counseling services or companies help customers who are too far in debt. If you have become so mired in consumer debt, credit card debt, personal debt, and other forms of credit that you are missing payments or are unable to keep up with payments, this type of service may help you. Debt counseling services can be for-profit or non-profit. In both cases, these companies hire credit counselors who sit down with a customer to consider their specific case. Counselors can offer advice on budgeting, repaying bills, and on making bills more affordable. For example, debt counseling professionals may find lower-interest consolidation loans or lower-interest credit cards for a client, so that a client may pay off their debt faster while enjoying lower monthly bills.

Some debt counseling companies offer their own financial products through a bank or third-party financial institution. For example, many debt counseling companies suggest that customers with substantial debts take out a home equity consolidation loan. This type of loan allows a customer to pay off all their bills at once and then slowly repay the consolidation loan at a lower monthly cost. As long as the customer is willing to avoid new debt and is willing to be disciplined in paying off the consolidation loan, this can be an effective way to get out of debt while making monthly bill payments more affordable.

United Debt Relief negotiates with your creditors to reduce your fees and interest rates. We develop affordable monthly payments that can help you get a fresh financial start. We get your lenders to agree to accept less than the total amount owing, making getting out of debt a realistic possibility.
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