In order to manage your cash, you must first have cash that is available to manage. Makes sense, right? Monthly bills always seem to consume all your money. This certainly prevents you from having cash to manage. It is all going to bills! What if you were able to eliminate most or all of your monthly bills? Reducing your current monthly debt would benefit you in more ways than one. Not only would you have a significant amount of extra cash each month to manage, the peace of mind creating by eliminating this debt would be invaluable. How valuable would it be to you to get debt advise free? Here is how a debt counseling service can create cash and provide financial peace of mind.
Consolidate All Debt-A debt counselor can combine all of your credit card and other unsecured loan payments into one monthly payment that is greatly reduced. Simply put, all your debt can be combined and reduced into one affordable monthly payment. In doing so, the debt counselor is able to set up a regular payment schedule for you. All you need to do is write one check a month and you will not only be creating more cash for yourself, you will also be paying down your debt. Many times, through debt counseling companies you can eliminate most or all of your debt within 12-36 months.
Lower Interest Rates-Once a debt counselor has set up your payment schedule, he or she can work with your creditors to lower the interest rates on your accounts. By lowering these rates you will be able to pay off your debt much quicker than if you were to try to negotiate directly with your creditors. A majority of creditors prefer to work with your debt counselor. They would much rather you pay some of your debt as opposed to none of it.
Avoid Bankruptcy-If given a choice of filing for bankruptcy or having a smart, structutred plan set in place to pay off their debt, which would you choose? If you chose the later, using a debt counseling service is for you. Creditors are much more willing to work with a debt counseling service because of the relationships they have in place.
Debt relief may be closer than you think! Most debt counselings services offer a free 10-15 minute consultation. There are no fees until you are comfortable in knowing they can truly help you save money and create cash. As quickly as that, you can be on your way to being to being able to get debt free!