Tuesday, March 27, 2012

The Best Debt Help Program

Finding help to get out of debt isn't as easy as it seems. There are myriad scams online vying for your business, but they are costly and will often leave you in a worse financial situation than when you started. Being debt free can become a reality if you can develop and implement new and healthy financial habits with help from trusted and reliable sources. Whether you want to work toward paying your debts in full or you need help managing your creditors and debt, consider two top programs with different options.

Debt Reduction & Payoff

    Nationally syndicated radio show host, Dave Ramsey, teaches people all aspects of sound personal finance through numerous tools available on his website, DaveRamsey.com. Ramsey's counsel focuses on aggressively paying off debt, giving up credit cards and being free of debt.

    Adults and kids can pay to attend Financial Peace University, a 13-week in-depth personal financial course. Or, listen and watch for free, as Ramsey hosts a three-hour live radio show on weekdays and a live television show in the evenings on the Fox Business network. True to his personal convictions, credit cards are not accepted for purchases on his website.

    The Lampo Group
    1749 Mallory Lane
    Brentwood , TN 37027
    (888) 22-PEACE

Debt Management

    Consumer Credit Counseling Service (CCCS) is a nonprofit, nationally recognized debt management program. Each location operates independently within a community, usually located in major cities. CCCS is a division of Money Management International (MMI) and together it makes up the largest nonprofit full-service credit counseling agency in the United States operating for over 50 years.

    MMI provides clients with professional financial guidance, credit counseling, debt management solutions, housing counseling assistance, bankruptcy counseling and education services by phone, Internet, and in-person sessions with competent financial counselors. According to MMI's website there is no fee or obligation for clients engaging in a counseling session, but if a client chooses to establish a Debt Management Plan, there is a one-time set up charge and monthly fee that contributes toward the cost of administering the plan.

    Consumers use debt management counselors to negotiate with creditors in reducing interest rates, waiving late fees, lowering monthly payments and eliminating collection calls.

    Money Management International
    9009 West Loop South, 7th Floor
    Houston, TX 77096-1719
    (866) 889-9347

Other Considerations

    Whether you are on the path of debt reduction or debt management consider some additional ideas that may help improve your financial condition. There are many free and reputable resources online to help you manage your debt. Start a budget, pay off your debts from smallest to largest, make extra payments on your credit cards. Don't even consider debt consolidation loans, especially if they are secured by a mortgage on your home. If you default you could lose your home. Use only debit cards and cut up your credit cards, or keep a few in the freezer for limited access. Call your creditors and negotiate lower rates and terms. Before you know it you can live a life free of burdensome financial stress.


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