| September 29, 2009

Debt consolidation a way to handle payments

For women who are facing debt problems, there are a number of options to help them with managing money.

If women are dealing with credit card debt that have high interest rates then a debt management program through a credit counseling organization might be the best avenue.

Typically credit counseling can help people liquidate their debts in three to five years and save them thousands of dollars. Consolidated Credit takes over a thousand calls from people looking for help each day. The counselors conduct a budget analysis and find the best direction for a particular situation.

In a recent posting on singlemindedwomen.com, writer Eric Wood noted that debt consolidation may be one option when dealing with credit card debt. Debt consolidation works by taking a person’s debt and putting it into one loan.

The article noted that unlike credit card debt, which are unsecured loans, debt consolidation loans often require a person to put up collateral. That collateral often comes in the form of a home equity loan. Consumers borrow against the value of their home in order to pay off their other debts, and then pay off the home equity loan.

Recently, an article from ARA Content also noted consumers should be aware that debt consolidation does not get rid of a person’s debts, but rolls them into one payment.

The risk involved is that if the consumer doesn’t pay off their loan, they may lose their home.

“Therefore, for debt consolidation to work and be successful, you must have reached a point where you are on sufficiently stable financial footing to be able to continue to make your new payments – because the stakes are high,” Wood noted.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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