The best gift that you can give yourself this holiday season is the gift of a debt-free New Year. If we can do it, than so can you – but let’s be honest, sometimes we all need a little help. One of the questions we get asked the most: where do I turn for a trusted plan to pay down my debt.
First of all, if you need to get a grip on your debt, call your creditors directly to see if you can work out a payment plan that works for both of you. If that doesn’t work, a credit counselor may be able to help you negotiate a plan. But, be careful, a slew of debt management companies have sprung up in the wake of the rapid rise of consumer debt. You want to be careful and watch out for those charging large monthly fees.
Here is your checklist to keep in mind when finding a trusted agency who can give you the help you need.
- Do not give any money to a œDebt Management Company.
- Do look for a Credit Counseling Agency: Visit NFCC.org, or consolidatedcredit.org for referrals in your area.
- Call the Better Business Bureau to check on agencies standing. Visit www.bbb.org for the number in your area.
- Ask if the agency is accredited and licensed with certified credit counselors.
- Make sure the entire debt payment you make goes towards your balance.
- Ensure you’re not being charged more $75 in set up fees.
You deserve peace of mind this holiday season.
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