Consumer Credit Counseling and Debt Management: Your Questions Answered

March 16, 2012 - PRLog -- Consumer credit counseling and debt management programs are helping many Americans. This story will sort out the most frequently asked questions concerning these programs and services. Spend, Spend! Is this the norm for you? Are you spendthrift that does not realize that your spending is driving you closer and closer to a huge pile of debt? Has realisation struck and you're now faced with financial despair. This process happens to countless of people everyday and before we even realize it we start getting into arrears. How could I ever repay these debts you ponder? Well believe it or not the answers lie within the creditors themselves.

Get Started With Debt Management:

http://www.nationaldebtreliefinitiative.net/

Most people in financial trouble have way over the minimum dollar amount; as a matter of fact, the average consumer now carriers over $8000.00 in debt. Credit and Debt Counseling Programs are designed to help people who are having trouble paying their debts or are facing other financial pressures such as foreclosure or bankruptcy. These programs are comprehensive and offer debt management programs, foreclosure prevention, credit counseling, bankruptcy information and many other money management services.

In many states, non-profit organizations such as CCCS, Consumer Credit Counseling Services offer Credit and Debt Counseling Programs at no charge to the clients. These organizations are primarily funded by contributions from creditors and private benefactors with a very small portion of their funding coming from client's fees.

Get Started With Debt Management:

http://www.nationaldebtreliefinitiative.net/index.html

If your state has these Credit and Debt Counseling Programs available, they are great programs to enroll in because you avoid all of the large upfront fees and ridiculous extraneous charges tacked on by the less than scrupulous companies engaged in debt management, debt relief and credit counseling.

It is become common for those upfront fees to average anywhere from $1000.00 to $1500.00 dollars and up. What's even worse? Most of the companies won't lift a finger for you until their fees and extra charges are, "PAID IN FULL!" That's why it's importantly to check a debt management company out before signing any agreement or paying them any upfront fees. By choosing one of the programs such as CCCS, you can put your checkbook and ATM card away and focus on getting your debt in check and your finances and credit score on track!

Who Qualifies For The Credit and Debt Counseling Programs? - The only eligibility qualification is that you live in a state that has the program; for those that do, all residents are eligible. In some instances, you must owe at least a minimum dollar amount (for example $3000) before you can enroll. But barring that, enrolling is a simple process.

What Do These Programs Offer? - They offer a variety of services that may include but won't be limited to...

- Foreclosure counseling
- Credit score analysis
- Bankruptcy counseling and information
- Bankruptcy education certification
- Loan modification counseling
- Debt management plans
- Homebuyer counseling
- Financial education classes

National Debt Relief Initiative offers a free debt analysis which can be taken advantage of at their website:

http://nationaldebtreliefinitiative.net/