1. Why should I choose Christian
Credit Counseling Service over another agency?
2. How much will it cost me?
3. Will this program hurt
How soon can I start?
5. What is the difference between debt consolidation,
debt settlement, and credit counseling?
Why should I choose Christian Credit Counseling Service over another
have a high rate of success because we tailor our budget and debt
recovery programs to your needs. Through one-on-one budget and debt
counseling, we give you the information, tools, and support to insure
you can successfully manage your financial future.
How much will it cost me?
initial set-up fee is $125, and our monthly fee is $35. These fees
cover the one-on-one attention that you receive from our staff.
We are dedicated to the well-being of our clients. If after reviewing
your financial situation it is obvious you can not afford the fees,
they will be waived.
Will this program hurt my credit?
you consistently make your payments through us, you will have a
good payment record when you finish. Also, the debt recovery program
does not stay on your record once the debt is paid, unlike bankruptcy
which can be on your record for ten years.
will not be able to get additional credit while you are in the program
because of your promise not to go into further debt. There will
be many mortgage brokers and some car loan lenders who will not
work with you while you are on the program, but there are also others
How soon can I start?
soon as you have a balanced budget. We do not hold back a monthly
payment but pay out to your creditors as early and quickly as possible.
The requirement is that you and we are convinced that you will continue
to make on-time, regular payments into the future.
What is the difference between debt consolidation, debt settlement,
and credit counseling?
consolidation typically involves taking a secured loan
to consolidate your current debt. While this can appear to reduce
the amount you owe. The interest you pay on a long-term loan can
add-up. Also, if you are unable to pay your loan, you risk losing
what you used to secure your loan.
settlement (also called Third Party Debt Negotiation) involves
negotiating with your creditors to reduce the amount or the interest
rate on the debt that you owe. It is best to work through a professional
debt settlement agency.
Counseling agencies restructure your debt by working with
your creditors and assist you in balancing your budget. The debtor
pays a fixed monthly payment to the agency each month, and the agency
then disburses the payment to each of the creditors.