Your Ultimate Debt Solution - Credit Counseling

Credit Counseling

The Dirty Double

According to BankRate.com, MBNA, Citibank, and Bank of America have recently announced their decision to increase minimum payments on credit card debt. The current 2% will be increased to 4%. This is great news for individuals who are financially stable and usually pay above and beyond the minimum monthly payments. It seems as though banks are actively attempting to help consumers get out of debt quicker. However, there are other factors involved with this proposal. If you are one of the millions that simply pays the minimums, you may be on the road to ruin. Lucky for you, there is a credit counseling agency that's more than willing to help.

You may not be able to pay your balanes

Think in terms of $$$$. If you are just barely making minimum payments each monthly, double the $ means double the trouble. Twice as much stress. Twice as many grey hairs, worry wrinkles, and sleepless nights. Are you ready for the change? Can your wallet handle it? Does your paycheck-to-paycheck style of living agree with increased payments? If not, you need some serious debt management. Before your bank turns against you, look into a credit counseling program near you!

Help is here.

Remember the $5,000 that found you a great loft and furnished it too? Yep. Take a look - its still there. Sitting on a card with a 20% interest rate. Most likely, your minimum payments are pretty high. Now double that. Yikes! Credit counseling can help you get out of paying the new 4% requirement. Speaking with a credit counseling agent is free and confidential. You are never at risk or obligated to commit.

You can find plenty of quality credit counseling companies on the web. Check our Related Resources. Or, look up consumer credit counseling in your local telephone phonebook. A friendly credit counseling/financial specialist can help take the guesswork out of debt consolidation and debt relief.

For those of us who are unable to take time off of work or time out of our busy day, we can still reap all of the benefits of credit counseling agencies that have taken their services online!