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Dealing with excessive credit card debt can be frustrating, overwhelming and downright scary. The crushing weight of credit card debt can leave you feeling hopeless, but there are options available through national credit counseling services to help relieve your debt and help you regain control of your finances. Debt Management Plans One solution to help get out of debt is debt management. Through a personalized debt management plan, a credit service will work directly with your creditors to come up with a new plan and schedule for repayment under new terms. A debt management plan may allow you to waive late fees and consolidate several debts into one. Rather than sending multiple checks to multiple creditors, you only write one check a month to your credit counseling service. Learn How to Become Debt Free However, debt management is not the only solution to repairing your credit and taking steps to eliminate debt. A reputable non-profit agency will provide free, professional credit counseling services to help you come up with a plan of action that may or may not include a debt management plan. Non-profit credit counselors will look at your monthly income, expenses and debts in order to gain an understanding of your current financial situation to help you set and meet goals to become free of debt within a reasonable time frame. One of the main goals of non-profit credit counseling is to help set and stick to a monthly budget. Adhering to a budget means breaking old spending habits and becoming more financially disciplined. Certified credit counselors are committed to helping you stick to a budget and take control of your finances. Because non-profit credit counseling services put your needs before making a profit, they are more likely to help you explore a variety of options rather than only steering clients toward a debt management plan, when other options are, in fact, available and in many situations, more appropriate. The best credit counseling services should be very clear and up front regarding what services they provide, their fees and what their goals are for you as a client. Seek out a reputable non-profit credit counseling service that is accredited by the National Foundation for Credit Counseling, and above all else, choose what best for you to help improve your current situation as well as the security of your financial future. Visit http://www.advantageccs.org for more information about national credit counseling services and best credit counseling services.
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