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Debt Solutions
It feels like your debts are spiraling out of control. With each passing month you are robbing Peter to pay Paul and the heavy cloud of debt is always hovering above your head. When you sit down to work out your money the simple truth is you have more going out than you have coming in. If this carries on there`s a real chance that you won`t be able to make the mortgage payments a few months down the line and then goodness knows what you are going to do. It`d be wonderful if you could pay a fixed monthly fee that would be affordable and keep your creditors off your back. There`s a good chance this can happen if you have a chat with a company that can provide a number of Debt Solutions. A debt management plan is just one of the options that the Debt Solutionscompany can provide. The scheme calculates what you can afford to pay each month and this sum is paid to the Debt Solutionsfirm. All it could take is one phone call to a trained advisor and you could be offered suitable solutions that will lift the burden of heavy debt from your shoulders.

DEBT COUNSELING - AVOID SCAMS

If you are overwhelmed and decide to seek the services of a debt counseling agency, make sure you find a good one.

Before we delve into this topic, let me say that every trade has good people and bad people. Unfortunately, some debt counseling agencies give the good ones a bad name. With that said, there are PLENTY of legitimate Debt Counseling organizations that will help you manage your money and develop a budget that is suitable to your situation.

The first thing to do is RESEARCH. Look for a debt counselors in your area of residence that will work with you face-to-face. You may want to check with the State Attorney General or the Better Business Bureau (BBB) to get a sense of their reputation. Both sources can tell you, if complaints have been filed against the counseling agency.

The FTC recommends asking questions such as the following, when looking for a good credit counseling service:

� What services do you offer?

Stick with debt counselors who offer a full range of services including budget counseling, savings and debt management classes. Avoid organizations that do not encourage you to analyze your current debts or financial situation. This is important as we discussed in step #4.

� Will you help me develop a plan for avoiding problems in the future?

� What are your fees? Are there set-up and/or monthly fees? Get a specific price quote in writing.

� Will I have a formal written agreement or contract with you? Do not sign anything without reading it first. Make sure all verbal promises are in writing.

� Are you licensed to offer your services in my state?

� What are the qualifications of your counselors? Are they accredited or certified by an outside organization? If so, by whom? If not, how are they trained?

� What assurance do I have that information about me (including my address, phone number, and financial information) will be kept confidential and secure?

In addition, avoid organizations that promise to:

� guarantee they can remove your unsecured debt

� promise that unsecured debts can be paid off with pennies on the dollar

� claim that using their system will let you avoid bankruptcy

� require substantial monthly service fees

� demand payment of a percentage of savings

� tell you to stop making payments to or communicating with your creditors

� require you to make monthly payments to them, rather than with your creditor

� claim that creditors never sue consumers for non-payment of unsecured debt

� promise that using their system will have no negative impact on your credit report

� claim that they can remove accurate negative information from your credit report.

Visit www.poorcreditgenie.com for additional articles on how to rebuild your credit:

Get a free credit report.

Read and understand your credit report.

Fix credit report errors.

Analyze your current debts.

Create a budget.

Practice good debt management habits.

Make extra money and save money.

For more information about this article and/or the author visit http://www.poorcreditgenie.com/getfree.html

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