Going through an official debt management program might not be the best idea for you, depending on your exact situation. For example, it might cost more each month to pay a large sum to even the best debt management company to make payments on your behalf than to just come up with a plan to pay your lenders back yourself.
This doesn’t mean that a professional debt counseling/management service will be of no help to you. They can still help you by informing you of other options and offering advice and even debt counseling services.
If you feel that you are way over your head with your credit card payments, loan payments, and other types of debts, help is always there. At the very least, a legitimate debt counseling/management firm will offer a free consultation to give you some perspective of where you stand and what the best option(s) for you may be.
If you haven’t done so yet, make a list of all of your debts. The more organized you are, the easier it will be for the best debt management company to help you come up with a plan. List each lender and the minimum payment for each, as well as the interest rate and the date of your last payment. If you are behind, you will owe fees as well.
Best Debt Management Company for Organization
Even if all of the information is so messy, you’ll still need to try and organize them as best as you can. Also, keep in mind that there might be certain types of debts that you won’t be able to get any help with, such as child support, lawsuits, government loans, and secured debts.
Since there are scams, avoid any so-called “debt relief” service that does not start with a FREE consultation. They need to know about your situation and what kinds of debts you are involved in before they know whether or not they can help you or what they can do to help you.
Depending on the course of action you take and the best debt management company, all of your credit cards will likely be canceled to ensure that you do not get into further debt. If you haven’t already done so, you might want to do just that right now anyway, as any serious attempt to get a debt relief will prevent any more debt.
Whether you have debt negotiation, consolidation, bankruptcy, counseling, etc. in mind, get started with a free consultation from an organization like CuraDebt, which is considered by some to be the best debt management company.