How Do You Choose A Debt Management Program?
• Do it yourself. The best kept secret in the debt management industry is that you can do most of the things debt management agencies do, and if you do it yourself, you can save yourself a lot of money in fees. Make a budget, cut unnecessary expenses, prioritize your debts, and call your creditors to ask if they’ll waive your late fees, reduce your interest rates, and/or work with you on a payment schedule. You may even be able to get them to “re-age” your account, which means that they report your past-due account as current. There’s no guarantee that they will, but there’s also no guarantee they will if you go through a debt management agency, so you’ve got nothing to lose by trying. Many times creditors will be happy to work with you if you make a good-faith effort to pay them. Also keep in mind that signing up with a Credit Counseling Agency can negatively affect your credit score.’; } s += “”; document.write(s); return; } google_ad_channel = ‘+7733764704+1640266093+9503394424+9665
• Do it yourself. The best kept secret in the debt management industry is that you can do most of the things debt management agencies do, and if you do it yourself, you can save yourself a lot of money in fees. Make a budget, cut unnecessary expenses, prioritize your debts, and call your creditors to ask if they’ll waive your late fees, reduce your interest rates, and/or work with you on a payment schedule. You may even be able to get them to “re-age” your account, which means that they report your past-due account as current. There’s no guarantee that they will, but there’s also no guarantee they will if you go through a debt management agency, so you’ve got nothing to lose by trying. Many times creditors will be happy to work with you if you make a good-faith effort to pay them. Also keep in mind that signing up with a Credit Counseling Agency can negatively affect your credit score. • Find a good credit counselor. Almost all debt management programs are administered by consumer cred
