Wealth-Coaching

 
Without fail every late night show on the weekend is bookend with commercials guaranteed to reduce your monthly debt by up to 40%.

Yes, these companies can take your credit card and unsecured debt and make arrangements to reduce your interest and your monthly payments.

What they don’t tell you until you actually enroll in the program is that your credit will be worse because of their program than if you just keep paying your bills on time.

Now if you are months past due and facing bankruptcy, these programs may assist you, but they are no different than CCCS.org. (Consumer Credit Counseling Services)

These debt reduction specialists will force your payments 30 to 90 days late before they take action.  Then they will call your creditors and your account will be closed permanently and then they will negotiate a rate and payment.

Included in your monthly payment you will find fees paid to the company that are sometimes 15 to 20 percent of the total payment.

Bottom line:  Negotiate your credit terms personally.  Most credit card companies worth their salt will assist you by even eliminating fees and charges during a period of time.  They will also not force your account to be closed.

Getting your debt under wraps can be difficult.  Consider discussing your sitation with a wealth coach and learn to prosper today!