SOURCE: National Debt Relief Program
CHICAGO, IL--(Marketwire - Jan 16, 2013) - Credit card debt consolidation and debt relief programs are today helping many Americans who are having trouble paying their bills. Many people face a financial crisis at some point in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, by taking action it can be overcome.
If a reader or someone they know is in financial hot water, consider these options: self-help using realistic budgeting and other techniques; debt relief services, like credit counseling or debt settlement, debt consolidation, and in extreme cases -- bankruptcy. How does one know which program will work best for them? It depends on their level of debt, level of discipline, and their plans for the future.
Debt Relief Services
For those who are struggling with significant credit card debt, contacting a debt relief provider that offers credit counseling or debt settlement services is advisable. Depending on the type of service, one might get advice on how to deal with their mounting bills or create a personalized plan for repaying their creditors.
Reputable credit counseling organizations can advise a person on managing their money and debts, help them develop a budget, and offer free educational materials and workshops. Their counselors are certified and trained in consumer credit, money and debt management, and budgeting. Counselors discuss the person's entire financial situation with them, and help them develop a personalized plan to solve their money problems and get out of debt.
Debt Management Plans
If a person's financial problems stem from too much debt or their inability to repay their debts, a credit counseling agency may recommend that they enroll in a debt management plan (DMP). In a DMP, a person deposits money each month with the credit counseling organization. It uses their deposits to pay the person's unsecured debts, such as credit card bills, medical bills and hospital bills, according to a payment schedule the counselor develops with them and their creditors.
Debt relief can be a click away.
National Debt Relief Program offers a free debt analysis which can be taken advantage of at their website: