Comments Debt management program requires commitment and patience.
Won’t reduce amount owed, but can help reduce interest rate paid on debt. The company is well-known for efforts to improve consumer’s financial literacy.
It’s up to consumers to sort through the choices and determine which company meets the goal of eliminating debt.
The fees charged by a debt consolidation company should be reasonable, meaning a maximum of $50/month for a debt management program.
(Fees vary by state.) Free ongoing education on how to manage your finances should be available and accessible – even if you decide against entering a debt management program.
A reputable consolidated credit counseling agency will give you truthful, useful advice on how to manage your money and use credit wisely.
The agency will also help you establish a written budget and offer educational materials and financial workshops.
Even the advice you discover about debt consolidation relief can be confusing and conflicting.
So how do you filter the noise to get the help you need?
Company Description In Charge is a 501 (c)(3) nonprofit that specializes in credit counseling and debt management programs.
Counselors are trained and certified by the National Foundation for Credit Counseling.
The ratings, plus tips on how to choose a debt consolidation company, are below.
The star rating below is based on Debt.org’s review of each organization’s fees, transparency, Better Business Bureau rating and complaint history.
Company Description Prosper is an online lending service.