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How Does Credit Counseling Work and Is It Right for You?

Credit Corp

Debt can get complicated, especially if you have a lot of it. Credit counselors are trained professionals who help individuals and families work to get a handle on their debt so they can lay a stronger financial foundation for the future. How does credit counseling work? How Does Credit Counseling Work?

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Need Debt Relief? Here Are Your Options

Debt Guru

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. So, when should you seriously consider debt relief? If you stick with the payment plan, the remaining debts will be discharged.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. Counselors can discuss your entire financial situation with you, and help you develop a plan to solve your money problems. Garnishment.

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8 Ways to Consolidate Credit Card Debt 

Credit Corp

Types of credit card consolidation include credit card consolidation loans, balance transfer credit cards, home equity loans, HELOCs, retirement loans, cash-out auto refinance, family loans, and debt management plans. Table of Contents: What Is Credit Card Consolidation?

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CFPB Investigating Credit Card Late Fees And Penalties

Collection Industry News

If you’ve ever been late with a credit card payment and thought that late fee you got popped with was steep, you’re one of 42 million Americans [1] who will face that dilemma in 2022. Credit card companies’ penalty policies cost consumers around $12 billion each year. In fact, the U.S.

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Credit card debt is surging at a record-high rate

Collection Industry News

If you’re just making the minimum payments on your credit cards, it may be worthwhile to consider one of these debt repayment strategies. Americans are racking up credit card debt at a record-setting pace, according to the Federal Reserve Bank of New York. Signing you up for a debt management plan (DMP).

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How to Get out of a Debt Spiral–11 Easy Things to Do [TODAY]

Credit Corp

First, look at your credit report. Next, you have to check your bank and financial statements to get an idea of your net worth. Look at your credit card statements and bank statements to know how much you have spent money and where. Credit counseling agencies offer this plan in exchange for a fee.