How to lower credit card debt.
When you want to lower credit card debt, there are lots of ways to approach it and an endless amount of credit card debt advice you’ll find online. There are companies who will offer to help you lower credit card debt through debt forgiveness arrangements, and others who will peddle credit card consolidation loans. There are debt settlement plans that seek to lower credit card debt through aggressive negotiation, and plenty of credit card companies offering balance transfer arrangements.
The problem with many of these plans, however, is that they’ll either severely damage your credit rating or require you to take on new debt to pay off old debt, leaving you in a perpetual cycle of owing money. If don’t want to incur new debt and want to increase your credit rating over the next five years, consider contacting the credit counseling professionals at American Consumer Credit Counseling (ACCC), who can work with you to lower credit card debt.
Why select ACCC to help lower credit card debt.
ACCC is a nonprofit organization that has been helping consumers find their way out of debt for over 20 years. Our highly trained and certified credit counselors have helped thousands of consumers make a plan to lower credit card debt and live debt free in the future. We offer free credit counseling, and our fees for debt management services are among the lowest in the industry. Our counselors offer a wealth of services that include evaluating your total financial picture, looking at all the options you might use to lower credit card debt, and providing free financial education on things like credit card debt and bankruptcy, budgeting, saving for retirement, home ownership, dealing with debt recovery agencies, and other topics that are essential to managing your money.
Debt management: an effective way to lower credit card debt.
Whenever a client wants to know how to pay off credit cards fast, we usually suggest a debt management plan, which neither requires you to take on new debt nor severely damages your credit rating. In a debt management plan, we consolidate all of your monthly payments into one easy payment to us. We then make payments for you to each of your creditors. Giving us the responsibility for making your payments ensures they’ll be made on time, and takes a lot of the stress of owing money off your shoulders. It makes it easier to keep up with your monthly obligations, and gives us the chance to work with your creditors to reduce your interest rates, finance charges and other fees, so you can lower your credit card debt more quickly. With a debt management plan, most of our clients are able to eliminate their debt within five years.