Online Credit Counseling - It Worked For Me
|
Financing |
|
Credit / Debt Help |
|
Our Website |
|
|
By Leslie Kearney - Co-owner of 1-800badcredit.com
10+ years ago credit counseling was something I had never heard of. Not that they didn’t exist, it’s just that until you need something you tend to not go looking for it.
I had been out of steady work for 6 months and temping for low pay, barely keeping my head above water. Needless to say credit card bills were not as important as rent and electricity and I fell behind and that’s when the interest rates began going up, and up, and up . . . well, you get the picture.
After finally landing a full time job I knew I needed to start getting my finances in order so I started researching. And it’s where I discovered non profit debt consolidation companies – also known as credit counselors.
Online credit counselors are typically non profit companies. They are direct liaisons between you and the credit card company. All those calls you get about your late payments become a thing of the past when a they step in!
They contacted all my credit card companies and negotiated a set interest rate (way below where it was). Then they faxed me the pre-filled-in forms and all I had to do was sign!
So, now instead of making 6 payments to various creditors (half of which always managed to be late) I made one each month to the counseling agency. For a $25 a month fee (way less than the cumulated interest I was saving!) I sent them my money and they distributed it electronically to each and every credit card company.
In 3 years my credit cards were completely paid off and I was debt free. My credit score went up significantly and on my next new car purchase I was able to get 0% interest through GM financing!
Signing up with an online credit counseling agency was the smartest thing I ever did. Working with them took the stress off me and allowed me to budget in the payment each month. Just like all my other bills the payment went out and was taken care of with no stress or hassle.
If you are considering using an online credit counseling service, and you have more than $5,000 to $10,000 in credit card debt, you won’t regret it. It never hurts to do your research and talk to one. In three years you can either still be struggling to make the minimums or debt free. It’s your choice!
Click Here To See Our List Of Recommended Debt Counseling Services.
10+ years ago credit counseling was something I had never heard of. Not that they didn’t exist, it’s just that until you need something you tend to not go looking for it.
I had been out of steady work for 6 months and temping for low pay, barely keeping my head above water. Needless to say credit card bills were not as important as rent and electricity and I fell behind and that’s when the interest rates began going up, and up, and up . . . well, you get the picture.
After finally landing a full time job I knew I needed to start getting my finances in order so I started researching. And it’s where I discovered non profit debt consolidation companies – also known as credit counselors.
Online credit counselors are typically non profit companies. They are direct liaisons between you and the credit card company. All those calls you get about your late payments become a thing of the past when a they step in!
They contacted all my credit card companies and negotiated a set interest rate (way below where it was). Then they faxed me the pre-filled-in forms and all I had to do was sign!
So, now instead of making 6 payments to various creditors (half of which always managed to be late) I made one each month to the counseling agency. For a $25 a month fee (way less than the cumulated interest I was saving!) I sent them my money and they distributed it electronically to each and every credit card company.
In 3 years my credit cards were completely paid off and I was debt free. My credit score went up significantly and on my next new car purchase I was able to get 0% interest through GM financing!
Signing up with an online credit counseling agency was the smartest thing I ever did. Working with them took the stress off me and allowed me to budget in the payment each month. Just like all my other bills the payment went out and was taken care of with no stress or hassle.
If you are considering using an online credit counseling service, and you have more than $5,000 to $10,000 in credit card debt, you won’t regret it. It never hurts to do your research and talk to one. In three years you can either still be struggling to make the minimums or debt free. It’s your choice!
Click Here To See Our List Of Recommended Debt Counseling Services.
