Answers
I have been ill and out of work and my credit card bills have not been paid. I need help finding the right non-profit organization to help me out.
The best place to look is the National Foundation for Credit Counseling. They can take you through several steps and have listings for people in your area
Talk. ... FICO "free score" "consumer power" "credit crunch" myFICO "credit education" scoring " ...
Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-cons olidation.htm
if it helps kindly remember me in your voting!.. cheers!
By using services from a debt relief organization you will stop receiving phone calls asking you for money. You will pay a fixed rate amount every month which will never go up. You won't be dealing with your creditors any more. The "debt relief people" will be paying your bills for you, and your credit card company is out.
You then pay the debt relief company.
lots more here:
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
http://credit-cards.ebookorama.com
good luck!
We live close to Blue Ridge. APR on credit cards are 23%. We are looking for a credit consolidation company that will help us lower APR. Thanks.
Contact Consumer Credit Counseling Services at 1-800-388-2227 they are the largest and oldest consumer credit counseling service in the nation and will work with your creditors to lower your interest rates and monthly payments and they are non-profit.
I used them several years ago and was debt free in 36-months.
While you are in their program your accounts will read as "Included in credit counseling" after you finish this notation will be removed. This will not affect your score but it will affect your ability to get more credit.
At the end of the program your score will be much better due to being out of debt and having a great payment history.
Please suggest a Consumer Credit Debt Consolidation (Non Profit ) preferably as we want to get rid 15k credit card debts
Consumer credit counseling will not help you eliminate the debt, its called debt management for a reason. It will take 5-9 years for you to complete. Just so you are aware of your options here are the different options that you might have to get rid of your debt.
The four primary concerns for most consumers are: i) monthly payment, ii) time to debt freedom, iii) total cost, and iv) the credit rating impact of the consolidation program. Be sure to evaluate each program, relative to your prioritization of these factors.
Credit Counseling
Credit counseling, or signing up for a debt management plan, is a very common form of online debt consolidation. There are many companies offering online credit counseling, which is essentially a way to make one payment directly to the credit counseling agency, which then distributes that payment to your creditors. Most times, a credit counseling agency will be able to lower your monthly payments by getting interest rate concessions from your lenders or creditors. It is important to understand that in a credit counseling program, you are still repaying 100% of your debts – but with lower monthly payments. On average, most online credit counseling programs take around five years. While most credit counseling programs do not impact your FICO score, being enrolled in a credit counseling debt management plan DOES show up on your credit report… and, unfortunately, many lenders look at enrollment in credit counseling akin to filing for Chapter 13 Bankruptcy – or using a third party to re-organize your debts.
Debt Settlement
Debt settlement, also called debt negotiation, is a form of online debt consolidation that cuts your total debt, sometimes over 50%, with lower monthly payments. Debt settlement programs typically run around three years. It is important to keep in mind, however, that during the life of your debt settlement program, you are NOT paying your creditors. This means that a debt settlement solution of online debt consolidation will negatively impact your credit rating. Your credit rating will not be good, at a minimum, for the term of your debt settlement program. However, debt settlement is usually the fastest and cheapest way to debt freedom, with a low monthly payment, while avoiding Chapter 7 Bankruptcy. The trade-off here is a negative credit rating versus saving money.
Debt Consolidation Loan
Many people think first of a debt consolidation loan when seeking online debt consolidation. This option typically means a second home loan (or home equity line of credit) or refinancing your primary mortgage. In a debt consolidation loan, you exchange one loan for another. The most frequent form is taking out a mortgage loan, which carries a lower interest rate and is tax deductible, to pay off high interest rate credit card debt. It is important to be aware that shifting unsecured debt to secured debt can create a volatile situation, if there is ever a chance that you cannot afford the new mortgage payment you are now putting yourself at risk of foreclosure! In the case of a debt consolidation loan, most mortgages are 30 year loan, which means that the total cost and the time to debt freedom could be very high… but the monthly payment will be lower than other options and there is no credit rating impact.
Net-net: while there are many forms of online debt consolidation, many people with good to perfect credit who own homes should look into debt consolidation loans, while consumers with high credit card debt and poor credit may want to explore debt settlement or debt negotiation. However, each consumer is different, so find the online debt consolidation option that fits for you.
Dime Bank's Small Business Package
Dime Bank introduced its “small business stimulus program” in a press conference on Thursday, December 10th. Jim Cronin, president, Dime Bank, announced that Dime put together a “$10 million loan pool” to help local small businesses and non-profits in need of financing in these difficult times. Jim said that the program is targeted toward credit worthy businesses and non-profits which, for example, are in need of funding for working capital, expansion, to upgrade or replace equipment or for those that would benefit by restructuring existing debt with more favorable terms.
Jim stated that the general perception is that banks are not lending which is prolonging the recession and preventing a recovery from beginning. “Small businesses are suffering,” he said. “The national media says that banks aren’t lending, but it’s not all banks. The larger banks might have stopped lending, but community banks have not closed their windows at all. They continue to lend. Dime has lent $32 million already this year.” Jim feels the negative press has many businesses reluctant to even approach a local bank. “It’s a self fulfilling prophecy. The feeling is, ‘Why apply when they aren’t giving any loans?’ Community banking is different. We truly serve the community.”
The Truth About Non Profit Credit Card Debt Consolidation ...
The Truth About Non Profit Credit Card Debt Consolidation Organization
Maybe you want to hire the service of a debt consolidation organization to help you put your credit card finances back in order but you do not think you can afford them. Worry no more because a non profit credit card debt consolidation organization might just be the answer to your prayers. A non profit consolidation organization offers their service if not for free in a very low and modest price. They usually receive funding either from donations or government. That is why their service is usually free but is not applicable to all. People who really have a tight budget could use the help of non profit organization.
...News
Consumer Watch: Be wary of instant-credit offers at checkout | Philadelphia ...Philadelphia Inquirer - Dec 24, 2009
"Having small credit cards at five different retailers almost helps you avoid looking at your entire debt picture," says Hasson, whose nonprofit agency and more »Benzinga - Dec 17, 2009
BigNews.biz (press release)In order to deal with debt you can also approach Debt Bill consolidation for non profit. There are organizations that do not take their profit and help you Do Debt Relief Companies Offer Real Help?Credit Card Debt Consolidation LoansChristian Debt Consolidation Loans - Christian Debt Consolidation Services all 56 news articles »
CBS MoneyWatch.com (blog) - Dec 22, 2009
About eight years ago, John Waskin, 62, founded a charity to help people get out of debt — aka a credit-counseling agency in Cornelius, NC When folks inDaily Mail - Charleston (blog) - Dec 24, 2009
I don't have $40000 in credit card debt. I shop at Wal-Mart. Ruby Tuesday? Occasionally my wife and I go to Bob Evans, but usually it is Diehl's. and more »Credit Card Guide News - Dec 09, 2009
In times like this, offers from debt management companies proposing to negotiate with credit card companies to either reduce your debt or get you debt-free and more »CharlotteObserver.com - Dec 20, 2009
In 1999, Bank of America chose the nonprofit to serve as a lead counselor to bank customers with serious credit card debt. The bank contributed more than
The Resident - Dec 23, 2009
Dime Bank's Small Business PackageJim encourages any local business or non-profit that is in need of financial assistance to visit any of their 11 convenient locations or call the following,