Oklahoma City Credit Card And Debt Counseling Services
QUESTIONS ANSWERED...

Will Consumer Credit Counseling stop creditors from harassing me?

Answer...

Consumer Credit Counseling may be able to help stop creditors from harassing you by negotiating with them to come up with a payment plan. Once you enroll in a debt management plan, you will make one monthly payment to the counseling agency, which will then distribute the funds to your creditors according to the plan. This can help to bring your accounts current and stop collection calls and letters. However, it is important to note that there is no guarantee that all creditor harassment will stop immediately, as it may take time for your creditors to update their records and stop their collection efforts. Additionally, if you have accounts that are already in collections, Consumer Credit Counseling may not be able to stop the collection agency from contacting you. 

How much does Consumer Credit Counseling cost?

Answer...

Consumer Credit Counseling services may have varying fees depending on the specific services they offer and the state you are located in. However, most reputable credit counseling agencies offer initial consultations and budgeting sessions for free. They will then provide a breakdown of fees for services like debt management plans or credit report reviews. It is important to note that fees for debt management plans are typically a percentage of your monthly payment, with the average fee being around $25 per month. Be sure to ask your credit counseling agency for a clear and detailed explanation of their fees before committing to any services. 

How long does it take to complete the credit debt relief program?

Answer...

At Active Debt Relief, our debt relief program typically takes 12-18 months to complete. However, the exact timeframe can vary depending on a number of factors, such as the total amount of debt owed, the types of debts involved, and the individual circumstances of the client. Our team of experts will work with each client to develop a customized plan that is tailored to their specific needs and goals, and we will provide ongoing support and guidance throughout the entire process to help ensure a successful outcome. If you have any questions or concerns about our debt relief program, please don't hesitate to contact us for more information.

What happens to my credit card debt if the debt counseling company goes out of business?

Answer...

If a debt counseling company goes out of business, your credit card debts will not disappear. However, the terms of your repayment plan may be affected. It is important to choose a reputable and trustworthy debt counseling company to reduce the risk of this happening. In the event that your debt counseling company goes out of business, you should contact your creditors immediately and work out a new payment plan. 

How do I know if a debt counseling company is reputable and trustworthy?

Answer...

When choosing a debt counseling company, it's important to do your research and ensure that they are reputable and trustworthy. Here are a few things to look for:

1. Check their credentials: Make sure that the debt counseling company is accredited by a reputable organization, such as the National Foundation for Credit Counseling (NFCC) or the Financial Counseling Association of America (FCAA).
2. Look for reviews: Check online reviews and testimonials from previous clients to see what their experiences were like with the company.
3. Check for transparency: A reputable debt counseling company should be transparent about their fees and the services they provide.
4. Check for certifications: Make sure that the company's counselors are certified and trained in credit counseling.
5. Look for personalized solutions: A trustworthy debt counseling company will work with you to develop a personalized plan to help you manage your debt.

Overall, it's important to take your time and do your research when choosing a debt counseling company. Look for a company that has a track record of success, is transparent about their fees and services, and has qualified and certified counselors who are dedicated to helping you achieve your financial goals.

Can a debt management service help me negotiate lower interest rates with my credit card company?

Answer...

Yes, a debt management service may be able to help negotiate lower interest rates with your credit card company as part of the overall debt management plan. By enrolling in a debt management plan, the service will work with your creditors to create a payment plan that is feasible for you. This could include negotiating a lower interest rate or even reducing or waiving late fees and other charges. However, it's important to note that not all creditors may be willing to negotiate, and the outcome of negotiations can vary depending on the individual situation. 

What is debt counseling and how can it help me with my credit card debt?

Answer...

Debt counseling is a service that provides education and advice to individuals struggling with debt. A debt counselor will work with you to review your financial situation, create a budget, and develop a plan to manage your debts. They can also negotiate with creditors on your behalf to obtain better repayment terms, such as reduced interest rates or waived fees. Debt counseling can be a helpful resource for those who want to avoid bankruptcy and take control of their finances. However, it is important to choose a reputable debt counseling service and to carefully review any proposed debt management plan before committing to it.