You should consult with a credit counselor if you are over 30 years of age and have a large amount of credit card debt. They can help you establish a budget and reduce your debt. The goal of the FederatedFinancial agency is to help you get back on track financially so that you can avoid bankruptcy. The debt counseling agency can also provide debt management and budgeting tools to help you establish a debt-free life.
FederatedFinancial – Citibank Debt Consolidation: Interests & Fees
If you have credit card debt and are having trouble paying your monthly debt, you should contact a credit counseling agency immediately. The debt counseling agency will negotiate with your creditors and can help you get lower interest rates, eliminate late fees, and eliminate fees that were not incurred.
Debt consolidation agencies work with many creditors on a one-time basis and it is important to contact a credit counseling agency before beginning a debt consolidation program. The credit counseling agency will help you to establish a budget and can also provide tools for debt management. Most credit counselors work on a contingency basis and will negotiate a contract with your creditors. This means that they receive a percentage of the settlement and can work with your creditors to help reduce the balance that you owe on your debt.