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Too much debt

What to do when you have too much debt.

Life can feel pretty tough when you are carrying too much debt. Whether you’re overwhelmed by bills and credit card balances or your loan payments are more than you can manage, having too much debt adds a great deal of stress to your life and makes it difficult to achieve your financial goals.

When you have too much debt, you’ll no doubt receive a lot of offers from companies who want to help you solve your financial troubles – for a price. From debt consolidators to debt negotiation and debt settlement to credit repair counseling companies, there are a lot of people looking to make a profit from your financial situation.

That’s why, when you are ready to stop carrying too much debt and regain control of your finances, it’s important to choose a non profit consumer credit counseling agency like ACCC.

Free credit counseling for people with too much debt.

ACCC, or American Consumer Credit Counseling, is a nonprofit credit counseling organization dedicated to helping people who are living with too much debt. We offer free credit counseling and low-cost debt management services, with fees that may be waived for individuals who can’t afford it. Our highly trained debt counselors are available by phone, and in person to help you get control of your finances and make a plan to stop carrying too much debt.

At your first credit counseling session, we’ll help you to analyze your finances and look at all the options available to you for paying off your debt. These may include social service referrals and, depending on your financial situation, debt management counseling.

Debt management is often a good option for people with too much debt. Rather than consolidating debts with a new loan (which is not always a good idea for people with too much debt or a poor credit rating), a debt management program lets you consolidate payments. You’ll also get the help you need to make a plan for paying down your debt, and the support you need to stick to it.

Benefits of a debt management program for consumers with too much debt.

For individuals with too much debt, a debt management program can help to:

  • Save money with a low-cost service for getting out of debt.
  • Potentially reduce monthly payments, interest rates and fees on your debts by allowing us to work with your creditors directly.
  • Simplify your financial life by making just one payment each month to ACCC, and allowing us to pay your creditors on your behalf.

Learn more about ACCC solutions for managing your finances when you have too much debt.

American Consumer Credit Counseling (ACCC) is a nonprofit agency providing free credit debt counseling and debt management counseling as well as low-cost debt management and financial services to individuals and families. Our highly trained consumer debt counselors provide information and insight about the pros and cons of online debt consolidation and credit repair as well as debt settlement negotiation, legitimate debt consolidation services and other credit solutions. In contrast to debt consolidators, our debt management services help individuals get out of debt without taking on new loans. In addition to debt relief counseling, we provide housing and bankruptcy counseling, including pre filing credit counseling required to file for bankruptcy.

Better Business Bureau Mass Housing Approved National Industry Standards for Homeownership Education and Counseling Council on Accreditation NFCC Member