Credit card debt is something that has risen to astronomical proportions in recent years. The entire global recession is a result of money being lent to those who cannot afford to pay back loans. Whether your credit card debt has accumulated over time for good reasons or foolish mistakes, relief is here.
You can seek non-profit credit card debt relief from agencies that are here to help you in your time of financial crisis and need. Debt is something you can successfully deal with, overcome and move on from afterwards, all you need is a helping hand.
When you go about looking for help with your credit card debt, you have two main options. You can look to one of two major non-profit trade groups that offer credit counseling. You can turn to the National Foundation for Credit Counseling. Or, you can try the Association of Independent Consumer Credit Counseling Agencies, the NFCA and the AICCCA respectively. When you are looking for non-profit credit card debt relief, make your choices wisely and research your avenues well. There are many shady characters and companies out there that don’t always have your best interest at heart.
You need to learn how to identify and side step these dodgy so-called helpers and head straight for the right ones. The idea of an agency or company being a non-profit credit card debt relief agency usually means free credit card debt relief in the form of counseling and a debt management program, all for free.
However, it is still worthwhile being careful about your choices of credit and debt counseling programs. Any non-profit credit card debt relief agencies affiliated with AICCCA or the NFCA should be fine to deal with. However, to be on the safe side, double-check the validity of the affiliation and the reputation and ethical practice of any agency.
Many of these non-profit credit card debt relief counseling agencies are backed by large banks as well as credit card issuers. Financing these non-profit credit card debt relief programs is important to the banks. It means that the people who borrowed money can work off their full debt effectively and well through a debt management program. Benefits for you as a consumer are obvious; you receive free help in dealing with and managing your debt.
You also get the pesky calls and letters from the bank off your back as enrolling in a program usually elevates that stress. Furthermore, many of there non-profit credit card debt relief programs remove late payments from your credit record, leaving you with an unmarked record again. It is a win-win situation for the lender and the borrower.