Credit Repair System

Without endorsing a particular company, in my opinion, this video is worth taking the 2½ minites to watch. It brings up some very good points that you can apply to your situation, no matter who is delivering the information.

When you are in debt, every little bit of money that can be applied to your balance will help reduce the principal and thus reduce the interest and time to pay it off. Don't apply it and then think you are ahead.  Continue to make your regular payments, and more, if you can. In addition, getting the basics of Financial Education will not only help your current situation, but will stay with you even after you are debt free.

Do Christian Debt Consolidation Services Offer Better Interest Rates?

A person would think that Christian debt consolidation companies are the most trustworthy sources to use for debt relief. Even if the debt consolidation organization claims to be a non-profit company, affiliated with Christians, be aware that this does not mean that they will be honest. On the contrary, they may be out to get all they can from whomever they can get it. To protect yourself from debt consolidation fraud, you may want to get information from Consumer Federation of America, the source that monitors debt consolidation companies.

The Consumer Federation of America and the National Consumer Law Center (NCLC) work together to unmask the scandalous organizations that claim to eliminate debts. Some of these companies are said to have caused damage to customers by offering "improper advice." Some were also penalized for advertising misleading and slick practices, as well as charging debtors more than what they would normally make in published fees.

If you need to consolidate your debts, a Christian debt consolidation organization may be your best bet for a low rate; however, you should never assume that such an organization will be honest. You should always search for background information on the company before entering into a contract.