• Debt Elimination: key to maintaining your credit score
[ 0 comments - 3313 reads ]

• What you should know about debt elimination?
[ 0 comments - 6085 reads ]

• Do it yourself debt elimination: How does it work?
[ 0 comments - 4595 reads ]

• Debt Elimination Center: What Services does it Offer?
[ 0 comments - 4331 reads ]

• In today’s Debt Elimination Blog: What is Debt Consolidation Loan?
[ 2 comments - 4342 reads ]

• Debt Elimination Group: How can it Help You?
[ 0 comments - 3947 reads ]

• Debt Solutions
• Debt Consolidation
• Credit Counseling
• Bankruptcy - Why Stay Away From Bankruptcy?
• Stuck with Credit Card Minimum Monthly Payments
• Debt Elimination, is it Moral?
• Choosing a Debt Settlement Company
• Why Would Creditors be Willing to Negotiate Credit Card Debt?
• Debt Settlement - Impact in your Income Tax
• Common Objections to Debt Settlement

Credit Counseling

Consumer Credit Counseling is an option for consumers struggling to pay credit card debt and are unable to make their minimum payments. Credit counseling help clients reduced their interest rate.  Credit counseling, just like our debt elimination program act as intermediary between the consumers and the credit card companies. There advantages and disadvantages with credit counseling and we will discuss here both the advantages and the disadvantages for you to make your own conclusions.

Here are the advantages that you should consider when evaluating getting out of debt alternatives:

·         You make one single payment

·         Save money when compare with making the minimum monthly payment on already high interest credit cards.

·         Can help consumers eliminate or reduce some over the limit and late charge fees.

Here are some of the disadvantages of why you might want to carefully rethink your decision on this program:

·         Credit counseling organizations typically are not the best alternative if you are concern with reducing your minimum monthly payment, they normally offer the minimum reduction of all other alternatives, if any.

·          They usually try to reduce interest rate and fees on your debt, but not the balances themselves.

·         The total cost of credit counseling programs are typically 3 times of our debt elimination program.

·         Credit counseling will generally allow you to get our of debt in about 5 to 6 years, which is 2 to 3 years longer than our Debt Elimination Program

·         Non-profit consumer credit counseling  organization are usually funded and supported by the credit card companies, who does potentially create a conflict of interest.

Consumer Credit Counseling organizations are a fit for some people as are other alternative a good fit for other people. People that can afford to pay higher monthly payment typically are good fit for these type of programs. For a free no obligation consultation to find how much you can save with our Debt Elimination of America’s Consultants, please call today at 1-877-332-8410.

View More Case Studies

After a divorce and two year custody battle, I was drowning in a sea of credit card debt. Debt Elimination America literally pulled me out of nightmare of harassing calls from creditors and slashed the ridiculously high interest rates.

They took the anxiety and pressure away! What would have taken me seven to ten years to pay off only took a little over two and a half. Imagine having someone call and tell you that they have erased $8,000 from one of your cards and that is exactly what this company did for me. I tried to do it on my own just to be stonewalled or threatened by the collection agents.

The most outstanding thing about this company is how they manage to negotiate and settle your debts while you, the client, get the credit of paying it off as Debt Elimination America's name never appears on any of the documents. Thanks to this company I was able to sleep at night and could escape the hell of revolving interest rates and late fees.

Natalie Caudill

View More Case Studies