Are you swimming in an ocean
of debt, fighting to keep your head above
the surface with no land or boats
insight? Is your debt like an ocean
current that's sweeping you farther and
farther out to the sea of bankruptcy?
If so, an accredited
Consumer Credit Counseling Agency can
help pull you into a life raft and give
you the oars to row yourself to the
shores of debt free living.
"Generally,
credit counseling organizations advice
consumers on managing money and debts as
well as developing a budget. Many may
offer free education materials and
worshops. Some credit counseling
organizations recommend and negotiate a
debt management plan (a debt
consolidation plan also referred to in
the industry as a DMP) for their
clients." (1)
One such Consumer Credit
Counseling organization advertises it can
help clients:
- Lower Payments
- Stop Collector Calls
- Debt Consolidation
- Lower Interest Rates
- Budget Counseling
- Bankruptcy
- and Rebuild Credit.
Through a personalized plan
customed-tailored just for you, most
non-profit consumer credit counseling
organizations can help you avoid
bankruptcy and pay off your debt without
borrowing additional money or extracting
large and unreasonable fees.
For many American
households, (who hold an average of
$8,000 in credit card debt), a certified
non profit CCC can be just the solution
as another firm claims in their mission
statement: "Our mission is to
eradicate the causes and consequences of
ineffective consumer debt management
through education, training and programs
delivered with the highest level of
customer service and dignity free from
all forms of discrimination."
The most popular feature
that Consumer Credit Counselors offer is
the Debt Management Plan (DMP) which is
basically a debt consolidation agreement
made by the CCC between you and your
creditors of unsecured debt like credit
cards, student loans and medical bills.
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