Your bill consolidation options are far different if your don't have strong credit and your debt-to-income ratio is low.While a consolidation refinance or a balance transfer completely pays off your current lenders and creditors, the following options do not.
We work with your creditors to develop a plan to pay off your bills within your means and a targeted timeframe – usually five years or less, depending on the amount of money you owe.Our program for consolidating bills can reduce your monthly payments and interest rates.This can be painful at first, but when spending habits change, money management becomes easier.A debt management program through a non-profit credit counseling agency can help you consolidate your credit and give you resources to learn more about achieving a financially secure future.But continuing to borrow money to pay off your bills makes debt and bill consolidation more difficult and is like placing a small bandage on a growing woun.
Generally, the more money you borrow, the more you spend, and the more debt you pile up."ACCC's debt management program sounds great," you say, "but why should I choose them to consolidate my bills? We have worked with tens of thousands of clients since 1991, so we have a long, successful track record in helping people like you become debt free.ACCC is an accredited member of the Better Business Bureau with an A rating.Then, while you're making monthly payments on the loan, you start to use those zero-balance credit cards again to charge new purchases. A new loan to consolidate credit card debt you just accumulated may not be possible, because the more debt you have has a negative impact on your credit rating.You're not digging your way out of the financial hole – you're digging yourself in deeper.We are also among the approved credit counseling agencies by the U. Department of Housing and Urban Development for reverse mortgage counseling and foreclosure counseling.