Consumer credit can be an extremely effective way to increase your buying power, but it's easy to lose control and find yourself in over your head. Fortunately, with a comprehensive debt management plan and some discipline, most people can overcome obstacles and get their credit back under control.
A Debt Coach Credit Counseling Service, with over 25 years serving clients with credit troubles in Florence, KY, has some tips for getting the most out of your debt management efforts:
- Negotiate Lower Interest Rates: Your creditors don't want you falling behind on payments any more than you do, so many will actually be willing to negotiate your payment amount if you call while payments are still current. Credit card companies in particular might be willing to offer lower interest rates in return for your expressed commitment to paying your debts consistently.
- Consolidate Your Debts: If you have multiple accounts, combining them all into one loan can dramatically lower both your interest rates and monthly payment. Additionally, you might be able to get a debt consolidation loan or transfer the balance to a lower-interest credit card.
- Use A Credit Counselor: A debt management firm will have the expertise to help you prioritize your payments, lower your expenses, and set a reasonable budget that will help you get out of debt more quickly.
A Debt Coach Credit Counseling Service in Florence, KY, has an established reputation for helping people reclaim their lives from oppressive debts. To see some examples of how they have helped previous clients, visit their website today or call (859) 488-7670 to find out how they can help you.