By  Erine Adams Need Debt Relief? Credit Counseling Versus Debt Repayment Programs Struggling to make your payments? Is it the luck of the draw of who is getting paid next? Finding yourself in a situation when your payments exceed your income can be both frightening and frustrating. It is important to know the differences between these programs and the long term impact that it can have on your credit. Stress [...]

By  Jon Arnold Anyone using credit cards may need to explore credit counseling solutions agencies. In credit counseling, agents focus on the real issues and help you resolve them before they get out of hand. It’s even more advantageous to get started as soon as possible – the sooner you sign up, the faster your credit card can be gotten off the hook. Not everyone chooses a credit counseling but [...]

By  Kevin S Yu If you’re struggling with your credit card payments, credit counseling companies might suggest a DMP (Debt Management Plan). This type of program should bring you some relief when it comes to your monthly payments. Creditors will agree to lower your interest rate and waive all late fees and penalties associated with that account. However, your account will be closed and you will no longer be able [...]