Debt Settlement Plan Vs Credit Counseling Debt Management Plan (DMP)
It is important to understand, both options have advantages and disadvantages. It is important you the consumer to make the right choice in determining what fits your financial needs. Consumer Counseling Centers and its highly trained staff of debt professionals are here to explain your options and assist you in making an informed decision . Since Consumer Counseling Centers offers referrals for both programs you will not need to worry about a company picking a program for that is not right for you.
The differences:
Debt settlement is an option for consumers who are behind on the payments to their creditors and are unable to meet their financial obligations. Due to financial set back such a loss of income, medical emergency or other reasons.
Credit Counseling Debt Management Plan (DMP) is an option for consumers who are current with their monthly payments or just about to fall behind . Credit Counseling Debt Management Plan may reduce the current interest rate on your outstanding debts, this may accomplish two things: reducing you monthly payment and allowing you to pay off your balance over a much shorter time period.
The above points are only highlights of the two programs. Please contact one of Consumer Counseling Centers highly trained debt professionals to further explore the debt relief option best suited to accomplish your long term goals.
Our attorney based debt settlement program allows you to pay an average of 40% to 60% of what you owe and helps you resolve your debt usually within two to four years, instead of decades. We do not hold your money in our account. Our job is to analyze your debt situation and provide you with appropriate options. The goal of our debt settlement program is to help resolve your debts through appropriate legal referral for compromised settlements, achieved through expert debt negotiation with your creditors. There is a fee for our services, but we only counsel clients who have the potential to achieve significant financial benefits from participating in a debt settlement program.
When you use our service to engage in debt settlement with your creditors, the debt settlement attorney settles your outstanding debt and can provide true debt relief. That means you can decrease debt more quickly than ever before and keep more of your hard earned money.
Once enrolled in a debt settlement program, you will have the debt settlement knowledge and experience of the entire Consumer Counseling Centers staff at your disposal. It is important to remember that we work for YOU, not for your creditors. You can rest assured that we have your best interest in mind throughout the negotiation and debt settlement process.
The Consumer Counseling Center debt settlement referral program is, for many consumers, the best method for getting rid of an overwhelming debt problem. Working together, we can help put those who are committed and serious about getting out of debt back on the road to financial freedom. If you are tired of living paycheck to paycheck, with all of your money going to credit card debt that you fear will never be paid in full, contact us for a free debt settlement consultation. You may discover that the Consumer Counseling Center debt settlement attorney referral program is the best debt relief option for you.
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