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Non Profit Debt Consolidation Program
Are you behind on your monthly bills because your debt is too much to handle? No matter how much debt you owe, debt consolidation may be able to help by making it easier for you to stay on top of your financial obligations. Debt consolidation is the process of combining your various unsecured debts into one manageable monthly payment, making it easier for you to get out of debt.
At CreditGUARD of America, we’ve been helping people get out of debt for more than 25 years. In fact we’ve helped consumers by paying out over $1.7 billion and counting to their creditors, saving them hard earned money by lowering their interest rates, and getting them a lower monthly payment that they can afford. Our nonprofit debt solutions help you get out of debt quicker and easier, and help you remain debt-free.
Benefits of Consolidating Your Debt
Consolidating your debts into a single payment saves you time and money while offering peace of mind by simplifying what you owe each month. Our program provides you with:
- One low and affordable monthly payment
- Lowered interest rates (up to 50%)
- Set, scheduled payments, which in turn can lead to less time spent in debt
Debt Consolidation Programs vs Loans
While they sound similar, debt consolidation programs and debt consolidation loans are two very different things.
- Debt consolidation programs offer a proven process for combining your various unsecured debts (such as credit card bills and student loans) into one manageable monthly payment. A certified credit counselor will work with your creditors to consolidate your existing loans – no additional loans are required.
- Debt consolidation loans present many risks and can actually hurt your credit because you end up paying more interest over time and may even have to use your home, car, or other assets as collateral in order to qualify. In this case, you risk losing these assets outright if you happen to default on your new loan.
Our Program Is Not A Loan
It’s important to note that our debt consolidation programs do not include any loans or other services that may not be in the consumer’s best interest. We never advise you to take out more loans, and we never advise anything that could potentially damage your credit.
The Disadvantages of Debt Consolidation Loans: A Closer Look
While consolidation loans may seem like an easy way out of debt, there are a few downsides. In fact, some consolidation loans can turn out to be bigger problems in disguise.
- They often require credit checks and have an array of criteria, making it difficult for you to qualify.
- If you can manage to qualify at all, you may end up with a comparable interest rate but extended over a longer period of time. As a result, your new consolidation loan may end up costing you more than if you had paid off your original loans instead.
- You risk losing any collateral if you happen to default on the loan.
- In addition to this, your debt can actually double! (More on that later)
The ultimate risk you take when relying on a consolidation loan to clear your financial slate is the often inevitable rebound into more debts down the road. A debt consolidation loan does nothing to improve your financial spending habits; it’s merely another loan and another option to help you pay off your debt. Because of that, you run the risk of maxing out your credit cards again, thereby adding your new loan’s payments to the already heavy credit card payments that landed you in debt in the first place.
Whether you decide to use a debt consolidation loan or a more tailored debt consolidation program to help stabilize your finances, you should still consult with a reputable credit counseling agency first to ensure you’re taking the right steps to long-term financial health.
Our Program Is A Safe Way Out Of Debt
When you decide to enroll in our debt consolidation program, the certified credit counselor that’s been personally assigned to you will contact all your creditors and negotiate with them on your behalf. If possible, they’ll bring your accounts current, reduce or eliminate your interest and discontinue penalty fees. This can lower your monthly payments by up to 50%.
In addition to this, your certified counselor will also provide you with free financial counseling so that you can learn to save money and make long-term changes to your spending habits. During your over-the-phone counseling session, you will provide your counselor with information regarding the debts you owe, your household income and your monthly expenses so that they can offer you informed and supportive counseling. After getting an idea of your financial situation, the counselor will provide options that match your resources, lifestyle, and goals.
The Benefits of Having a Nonprofit Expert on Your Side:
Here are just a few of the benefits you’ll receive from our nonprofit consolidation program:
- Professional debt and money management help from trained experts
- No late fees
- No legal complications
- Lowered monthly payments
- Mental and physical relief from your unsecured debt
Building Stronger Credit
In addition to having just a single bill every month, a nonprofit debt consolidation plan will also help you better manage your credit score because you’ll be making regular, timely payments. Not only that, but with the right plan, most customers are able to pay off their debt within three to five years, as opposed to the national average of around 30 years.
How Nonprofit Debt Consolidation Works
Consolidation is the process of taking all your unsecured debts and rolling them up into a single and more affordable monthly payment. This makes the management and payment of all your various unsecured debts far more convenient.
But what do we mean by “unsecured debts”? When we say “unsecured,” we mean any form of debt that isn’t attached to a particular asset, such as credit card bills, medical bills or student loans. These are all referred to as “unsecured debt” and may be eligible for consolidation.
Unsecured Debt Vs Secured Debt
What do we mean by unsecured debt? Any debt that isn’t attached to a particular asset is unsecured, whereas debt that is attached to a particular asset is known as secured. Here are a few examples:
- Credit cards
- Medical bills
- Personal loans
- Car loans
What Happens When You Call?
When you call, a certified credit counselor will calculate your various secured and unsecured debts and work with you to help create an all-inclusive budget you can live with. Since the key to becoming debt-free is staying debt-free, we’ll help you learn what it means to live a life free of debt.
What to Have When You Call
Still wondering if our online credit counseling service is right for you? Just give us a complimentary call. Our certified credit counselors will take a look at your finances to see how they can help you save.
Before calling in, make sure you have:
- Your most recent monthly credit card statement(s)
- Your monthly household income
- A list of your various monthly bills and obligations
Stop Surviving. Start Living.
If you’re ready to start living a debt free life and would like to learn more about our debt consolidation program, contact us online by filling out the form above or by calling us at 1-800-500-6489. As a non profit organization, we care about one thing…getting you out of debt and keeping you out of debt.
Certified Credit Counselors are available Monday - Thursday 8:00 am - 10:00 pm Eastern, Friday 8:00 am - 9:00 pm Eastern, Saturday 10:00 am - 6:00 pm Eastern.
For more information on debt consolidation, please visit:
Why Choose CreditGuard? Learn what sets our debt consolidation services apart from the rest and how we can help you take control of your debt.
The Ultimate Debt Survival Guide. Need some practical advice for dealing with debt? You’ve come to the right place. This free downloadable guide can teach you the basics of managing debt (and more).
Is Debt Settlement a Good Idea? Debt settlement and debt consolidation are not the same. Learn more about the process (and consequences) of settling your debts before going down that path.