Many times when the term debt settlement is mentioned our thoughts turn to a loan and it used to be that was what most people used.
But credit debt counseling has grown in popularity in recent years as people search for debt relief methods.
Credit counseling is a nonprofit service that helps people get out of debt.
Loans can help you get out of debt, if they are used correctly and if you can get someone to loan you money right now.
Loans are a poor choice for debt relief for the following reasons: These loans are difficult get right now and they are secured with your home.
Not paying your credit card bills can lead to collection calls.
Not paying your debt consolidation loan can lead to home foreclosure.
The other problem with debt consolidation loans...
most people use their credit cards again and then they have credit card debt and a debt consolidation loan.
Debt counseling can help about 90% of the people that ask for their help.
They can refer the other 10% to people that can help them.
This type of debt relief does not require good credit, a loan or home ownership.
This methods concentrates on helping you become debt free while preserving your credit rating.
Credit counseling reduced your interest rates significantly as well as eliminates your fees.
Using credit counseling will have you debt free in about five years and will make information available to you that will help you remain debt free and move forward with your life.
Get a free, no obligation quote for getting out of debt.