If you feel like you are suffering from high interest rates, you are not alone! The credit card companies are well known for their ability to charge very high interest rates which make it almost impossible to pay down your principal balance. Many of our clients report that they have asked their creditors for a reduced interest rate but were denied. Credit counseling is seen as a viable option for many because reducing interest rates can help you get out of debt faster.
What is Credit Counseling?
Consumer Credit Counseling Services (CCCS), sometimes called Debt Management, is an option to help you get a more reasonable interest rate while also reducing how long it will take you to pay off your credit cards. However, as with all debt relief programs,it’s important to get all the facts before committing to a credit counseling plan.