nonprofit debt consolidation-consumer credit counselor
Do you have too many credit cards? Here’s how to decide whether you should contact a consumer credit counselor and join a nonprofit debt consolidation program. Too many credit cards might be a sign that you are in trouble with your debt load. Sooner or later you’ll get an unpleasant surprise. To determine whether you need to speak with a consumer credit counselor or enroll into a nonprofit debt consolidation program, let’s take a quiz.
- Are you incurring more debt by paying monthly expenses, such as groceries and utilities, with credit cards or otherwise borrowed money?
- Do you pay only the minimum payment on your credit cards?
- Are you unsure of how much you owe in outstanding debts?
- Is more than 20 percent of your net income going to pay unsecured debts?
- If you have significant person in your life, do you argue over money? Worse yet, are you afraid to bring up the subject?
- Are you using credit to pay off old debt?
- Have you been denied credit?
- Are you getting letters or calls from bill collectors?
- If your income were decreased would you be in immediate financial difficulty?
- Have you sold items in garage sales or at flea markets to raise cash for necessities?
- Have you cashed in savings or retirement accounts to pay bills?
If you answered yes to two or more of these questions, you need to speak with a consumer credit counselor and contact the nonprofit debt consolidation company. You need to take a serious look at your spending. Nonprofit debt consolidation company can help eliminate late fees, finance charges, help you pay more than the minimum payment on your credit cards, stopping calls from your bill collectors. Help yourself and your family in becoming debt free.
