Credit Card Debt Programs

Credit Card Debt

When You Need Help

If you have credit card debts over 10,000 dollars, and can afford 200 dollar monthly payments, then Credit Card Debt Programs can help you become debt free in as little as 12-36 months.

Lower Payments

One great feature included with Credit Card Debt Programs is the Lower Payment. Lowering your monthly payment alone is an accomplishment in it's own right, not to mention reducing the total amount owed to your creditors and lenders which improves your debt-to-income ratio, thus fixes your credit because your DTI makes up 35% of your credit score.

Debt Quotes

During your consultation with the debt consultant, or counselor you'll receive whats referred to as a debt quote. The Debt Quote will outline a contract stating your new monthly payment, program duration, approximate amount to repay which does include the cost of service. Typically, the average client saves between 40-60% depending on their creditors and program chosen.

Options

Narrowing Down Your Choices

Briefly stated, your options are simple; You can do nothing, and continue living with bad credit. You may even be eligible for a loan but remember, the creditor / lender never loses. If you're a high risk (due to bad credit) your interest rate will be higher thus costing you more in the long run.

File bankruptcy, which is time consuming and costly. Additionally, bankruptcy puts a dent in your credit for 7-10 years.

Credit counseling, not a bad idea. Just be careful, some credit counseling agencies charge an upfront fee (which is charged to your credit card). The same credit card you're trying to payoff, that doesn't make to much sense.

Then there's debt settlement; an aggressive, yet cost-effecient way out of debt. Typically, your creditors settle the debts for anywhere between 20 - 40 cents on the dollar. Then they write off the rest during tax season. As stated earlier, they never lose.

If you need help making up your mind, contact Credit Card Debt Programs. Our enrollment agents aren't sales agents, we explain our service, and offer advice. The debt settlement process does all the selling by itself, we're just here to help you get set-up.