Meta Search Engine Navigation


Look For It  




Debt Management And Using The Help Of Agencies



by Adam Heist

ARTICLE REPRINTING IS PERMITTED

Are the bills coming in faster than your income? If that's the case take heart for there is help at hand.

There are plenty of Non Profit Organizations that cater to people such as yourself. They provide financial advice or debt repayment plans and charge a small fee for the same. You simply pay one fixed sum to them who then disburse the same to all your creditors in an agreed proportion.

A major benefit received from enrolling in such a service is understanding that these counselors have a lot of clout with creditors. Firstly, creditors are happy to see you pay a little extra to manage your finances rather than quickly declare bankruptcy. Also, a lot of these creditors have already built a previous relation with your counselor. Finally, the creditors also save a bunch of money (up to half) in not having to employ collection agencies to recover their dues from you.

Choose a Debt Counselor hailing from a non profit firm as you have already spent too much and these organizations get their funding from creditors not you. Privacy is not usually an issue and they don't sell your information but make sure you confirm this first.

Make sure you know what you are signing up for. You should be receiving services such as Credit Counseling, a Debt Repayment Plan and Budgeting Advice. Check your enrollment and service fees. Needless to say the more you receive for less, the better! It is also good idea to have all this put in writing and sent to you before you proceed.

Finally, ask if the organization belongs to any professional groups such as the Better Business Bureau or the National Foundation for Credit Counseling. Since you will be sending them your money get to understand how they are audited and how your funds are protected.

After you have done all the above research put all your bills together and talk to the credit counselor. See if you can have them help you reduce your interest rates and waive late fees to help reduce the burden a little. It might also be possible to get the counselor to have your account made current, with no pending dues from the past.

Once you have got back on track in repaying your dues it is extremely important that you watch your expenses very carefully to ensure that you don't find yourself in the same situation. Most of us realize only what our large expenses are without a clear notion of the smaller ones.

It is after all, the small things in life that make a big difference.


Information About The Author

Adam Heist is writer for the Loans website, a new trend called homeowner loan from abbey has been stirring up quite a commotion. Visit us today to find out why.


Published by Meta Search Engine LOOK-4IT.COM.




You can reprint this article for FREE at your web site. Doing this you agree to keep all texts and hyperlinks unchanged.

Please keep reference to LOOK-4IT.COM meta search engine as well, if you decide to use this article as a free content for your web site.

Back to article category: Debt Management

Additional Debt Management Articles

Debt Management Tips for Senior Citizens
Nobody I know wants to spend the last period of their life struggling with debt. Unfortunately though, that is exactly what is happening for an increasing number of senior citizens.

Debt Management Family First!
If you are in debt the first place to look for the easiest and lowest interest rate loans is your family.

Debt Management – Credit Card Curse?
Are you in credit card debt? Do you want to get out? It's quite simple really.

Debt Management – Spending Less Means Saving More
hen you are in a hole, the first thing to do is to stop digging! So if you are in debt, the first thing you should do is to lessen your spending and increase your saving in order to reduce your debt.

Debt Management – For Women
There are a lot of women who delegate their financial security to their spouse. These are the same women who find themselves in poverty or debt ridden in the event of a divorce or death







Home  |  Submit Article  |  Link to Us  |  Directory  |  Free Content  |  Contact Us  |  Privacy Policy  |  Terms of Use

Copyright © 2005-2006, LOOK-4IT.COM. All rights reserved.

All trademarks, icons, and logos, shown or mentioned at this web site, are the property of their respective owners.
The information in the articles is provided without any warranty and must by used by the reader at their own discretion.
A professional opinion should be sought before taking any of the advice.