Become Debt Free with Florida Credit Counseling - How It Works
While Florida credit counseling is commonly perceived as a form of debt education for the underlying purpose is to get the consumer enrolled on a debt management program.
Is Florida Credit Counseling Right For You?
Such a program under Florida credit counseling seeks to help consumers who are struggling with massive debt, are unable to meet the minimum payments or pay their bills on time to better manage their debt.
What Florida credit counseling seeks to do is to negotiate for lower interest rates on unsecured debt such as credit cards. A lower interest rate more often than not will reduce the monthly payment. Florida credit counseling also offers borrowers the convenience of making one payment each month instead of having to separately deal with different creditors.
This will typically be less than the total you would have been paying previously to your various creditors.
However, people enrolled in Florida credit counseling find that they are tied to debt for a period between 5-7 years before their unsecured borrowings are fully paid off. Further, they may end up paying significantly more than what was previously owed.
In addition to these drawbacks, some of the services involved in Florida credit counseling claim to be non-profit companies, but may in reality be funded by the credit card companies. Due diligence is necessary before taking part in Florida credit counseling.
Debt Settlement is Quicker and More Affordable
If your financial goal is to get out of debt in the shortest time possible, you are definitely better off with Impac debt settlement.
Debt settlement is a plan through which you may be debt free within one to three years and may realize significant savings on your repayments, perhaps up to 50-75% of your total unsecured debt which allows you to get back on your feet much quicker.
If this fits in with your financial goals, act now to find out more by taking advantage of a free consultation with Impac debt settlement experts. These are financially savvy specialists who understand how to structure a plan uniquely tailored to your budget and life circumstances. Gain peace of mind with Impac debt settlement and take the first step towards financial freedom.
