Can my credit be repaired through debt management?

By using our Debt Management Program your credit rating may improve by showing a positive payment history. No one can erase your true credit history, but the longer you stay in the program, the closer you will be to establishing a solid financial footing.

In the current economic situation, many people have unfortunately suffered financial setbacks. In many cases this has resulted in the accumulation of unwanted unsecured credit card debt. For many this is an unbearable burden. Fortunately there is debt help to assist you in managing this situation in the form of credit counseling or a debt management program.

We are here to assist individuals on restructuring their debt. They may or may not charge for their fees. What they do is to negotiate settlements with credit card companies and other creditors to develop payment plans. In addition we may often be able to negotiate settlements where the creditor is willing to accept an amount which is less than the total amount due on the account. This can sometimes be as low as 70% of the original debt amount.

Also we can often negotiate alternative interest amounts. So if you had been paying an interest rate of 12%, your new negotiated amount could be a smaller fraction of that. Between a reduction in the total amount of the debt along with reductions in the interest rates, we can help you to establish payments which are much more comfortable based on your current earnings and expenses. Make sure to peak to one of our debt management specialist to learn more.

In addition the new payment would enable you to pay down the revised debt much more quickly and get this problem off your back. A debt consolidation or debt management program will be essential to help get you back on track to ultimately achieving financial freedom.