Debt Consolidation

How To Use Credit Counseling Service To Avoid Foreclosure?

A can help you in many ways when it comes to achieving a debt free life and getting your finances back on track. Reputable, legitimate credit counselors can even show you some great ways on how to save your home even when you are on the verge of foreclosure. However, for this purpose, you will have to contact an agency that specializes in mortgage delinquency counseling. When such an agency talks to your mortgage lender on your behalf, the chances are that they will be able to convince the lender for a better debt management program rather than pushing the home for foreclosure. You can follow these steps to get the much needed counseling help.

Choose A Reputable Agency

Obviously, the first thing you have to do is to find a reputable agency that offers legitimate credit counseling service. You can contact the National Foundation for Credit Counseling for a list of good agencies that have their offices within 50 miles of your zip code. Make sure you do a thorough background check with Better Business Bureau in order to make sure that there are no complaints against the agency you are considering signing up with.

Get An Appointment

Once you choose an agency with good and clean record, give them a phone call and schedule an appointment. Tell them clearly you are looking for specific debt management programs that can help in avoiding foreclosures. The representative on phone may ask you to bring documents that should show the details of your debts and expenses. However, the agency should not ask for your social security number or other private information. If they do, you should contact another agency.

Discuss Your Situation

Appear in the agency office in time on the date of appointment. Discuss your situation with the counselor. Though your primary concern is to avoid foreclosure through credit counseling service, the counselor may like to discuss an array of other things also, such as delinquent payment on other debts, , credit card debt, and your family budget. This will give them a clear picture on where you stand with your finances. Make sure you remain polite and cordial while discussing all these things in the meeting.

Review The Suggested Options

After getting a thorough understanding about your finances, you will be suggested an array of different plans to get out of the debt trouble and to save your home. It can be a repayment plan, where you may be asked to pay a little extra every month in order to make up for the missed payments. Alternatively, you may be offered a forbearance plan, where you will be required to make a lump sum payment in full settlement of the missed payments within a specific period of time. There might be several other plans as well. So, you will have to carefully review each and every option and then choose the one that is the most affordable and convenient.

Once you sign up for a specific credit counseling service, the counselor will talk to your lender directly on your behalf, making sure that the lender approves the . If your creditor agrees, you will get an opportunity to avoid foreclosure and be current with your mortgage account.


Custom Search

Tags: ,
Posted in Credit Counseling, Debt Consolidation | 11 Comments »

11 Responses to “How To Use Credit Counseling Service To Avoid Foreclosure?”

  1. German Silacci says:

    Ok to start with off if you go having a debt care routine they may charge you about 300.00 to set up with them. Then depending within the organization you’ll be charged a price each 4 weeks you deliver the results with them. Also regardless once you go with consumer debt treatment or settle when using the organization straight it should wreck your compliment. A settlement is does near towards similar issue chapter 13 does nonetheless it wont be on the compliment statement for as extended. Also should you settle for any problem more than 600.00 you might have to pay taxes on it considering it will eventually be considered extra income that you simply received. Also they Will never eliminate a single thing bad away from from your credit report since you might be settling. You perhaps will need to speak with an attorney and see what is your very best selection. I’d telephone call the provider and see if they use a package that you simply can get on that will reduced the money and attraction for the period of time.

  2. Manila apartments says:

    I saw this page bookmarked and I really liked what I read. will certainly bookmark it too and go through the other posts tonight.

  3. Arturo Kluse says:

    I just placed this page on my facebook. it’s an interesting read for everyone.

  4. online jobs says:

    Keep up the amazing work!! I love how you wrote this and I also like the colors here on this site. did you create this yourself or did you outsource it to a coder??

  5. Antwan Gettys says:

    Wow woman, fantastic content material!?! I’ll be rear for guaranteed later on on for further updates. Cheers repeatedly preparing the World wide web essentially perform!?!

  6. how long do you keep a tax cert before you own the house says:

    Dear admin, thnx for sharing this blog post. I found it wonderful. Best regards, Victoria…

  7. aion european release says:

    Hi buddy, your blog’s design is simple and clean and i like it. Your blog posts are superb. Please keep them coming. Greets!!!

  8. taking off scooter limiter legal? says:

    Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  9. Nicole Luchini says:

    Hey just believed you should really know that your all finished Bing and Yahoo research engines. Honestly cool articles that you have and appreciate it for a second time for the level of quality writing.

  10. Tas Wanita Branded says:

    I knew I had been right. My friend and I placed a bet about which website was superior. I believed your webpage was much better produced, but she believed this post on trendy style ideas was much much better. We rounded up 5 family memebers who experienced not seen possibly web site earlier to to study them each more than. Majority chose your site. Thanks for maintaing a great site.

  11. Credit Card Merchant Account says:

    It is extremely unreal but many people are not aware of that how important a merchant account is when runing a business. Great content! My advise to everyone is to Do your selection respectfuly before you begin taking credit cards.

Leave a Reply

You must be logged in to post a comment.