If you are looking for free debt help you are not alone. Thousands of others just like you are also in debt to their credit card companies. Debt affects all of us and plagues some of us every day. And every day without debt you could become much worse off financially.
If you find that your debts are keeping you up at night, you may want to consider a credit counseling agency. These organizations can help you work with your creditors to reduce the amount of money you owe, get interest rates reduced or even eliminate interest rates altogether. They can do this by working with your creditors to reduce the amount of money you owe. The lower the monthly payments you have to make, the more money your creditors are going to have to help you out. And the more money they have to help you out the less likely you will be to continue to charge on your credit cards.
You can find free debt help by talking to the people at your local credit counseling agency. Many of them will work with credit card companies to find ways that you can consolidate or settle your debts so that you make one low payment to them each month. This in itself can save you hundreds or even thousands of dollars in interest payments over the life of your debts. And since most credit counseling agencies are nonprofit you will not have to pay anything out of pocket.
Another way that you can work with your creditors and get free debt help is to work with a debt management plan. Debt management plans allow you to get one low monthly payment made to them. They then take the money and disburse it to your various creditors according to your payment schedule. It can be a very good option for those who have several debts and can no longer keep up with all of their monthly payments.
There are also organizations that you can work with to get free debt help. One of these organizations is American charity donations. Through these charities you can donate money to charity organizations that will in turn pay your creditors. You will have to fill out an application in order to qualify for this debt help.
Charity donations are a great place to start with your search for free debt help. Just because you have a low credit rating does not mean that you need to live with high interest rates and late fees. There are plenty of lenders willing to give you a low interest and fees on loans. And once you have paid off your debts through the charity, you will have the satisfaction of knowing that the money was used in the most efficient way possible for your individual situation. But keep in mind that you should always work with a non profit debt relief organization.
Non profit agencies often offer debt consolidation, debt management plans, and credit counseling services. One of these services is debt settlement. Debt management plans allow you to combine all your bills into one payment that you can afford. In some cases, you can get a lower interest rate by combining all of your loans into one loan. A credit counselor will sit you down and go over your finances with you in order to come up with a plan that will work best for both you and your finances.
Your credit counselor can talk to your creditors to help set up repayment plans that will allow you to pay off your debts without having to file bankruptcy. Remember, it is better to have a debt solution that allows you to repay your debts in a reasonable amount of time than to file for bankruptcy and start all over. However, bankruptcy is not something you should do unless all other options have been exhausted.