Debt Management Program And Debt Consolidation Coalinga CA

A financial expert explains how a debt management program works.

Fresno County Federal Credit Union
(559) 252-5000
4422 W. Ashlan
Fresno, CA
 
The Golden 1 Credit Union-CSUF
(559) 454-7651
5280 N Jackson Ave
Fresno, CA
 
Bankruptcy Service Gold And Hammes
(408) 297-8750
1570 The Alameda Ste 223
San Jose, CA
 
Sacramento Back Tax Debt Relief
(916) 288-9550
801 I St
Sacramento, CA
 
Credit Repair
(408) 905-5395
P.O. Box 1982
Gilroy , CA
Prices and/or Promotions
250.00

209 Injured
(209) 465-8733
2453 Grand Canal Blvd
Stockton, CA
 
Aguilar Luis Attorney At Law
(951) 543-9003
3540 Twelfth St
Riverside, CA
 
Donald C Duchow Attorney At Law
(661) 328-1826
1412 17th St Suite 351
Bakersfield, CA
 
Wilson J B Butte County Credit Bureau Corp
(530) 342-0132
310 Flume St
Chico, CA
 
Richard L. Poland
(562) 437-6418
333 W. Broadway Ste 200
Long Beach, CA
 

Debt Management Program And Debt Consolidation

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Q: What is the difference between a debt management program and debt consolidation?

A: Debt management programs are used by individuals who have accumulated excessive amounts of consumer debt typically in the form of credit card debt. A debt management program combines credit counseling with other services such as negotiations with your creditors and the development of a repayment plan. A number of non-profit agencies and for-profit firms offer debt management services.  Many of these are highly reputable and offer a valuable service; others are less reputable and may charge you excessive fees or "voluntary" contributions. 

Before signing up with one of these firms, check the website for the National Foundation for Credit Counseling (www.nfcc.org) for further information on debt management programs. Also, check with the Better Business Bureau in your local community to see if any complaints have been lodged against the credit counseling firm that you are considering.

Debt consolidation may be part of a debt management program. Debt consolidation refers to consolidating the debt from multiple loans into one larger loan. Debtors do this to get a lower interest rate or for the convenience of making one monthly payment rather than a number of payments to different loan sources.  As in the case of debt management services, a number of firms offer debt consolidation loans.  Before taking this route, check the interest rate on the loan and associated fees.  Most important, do not use debt consolidation as an excuse to simply take on more debt. ...


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