Credit Card Debt East Elmhurst NY

If you have gotten over your head in credit card debt in East Elmhurst you are not alone. According to the FTC, there are four basic methods you can use to assist you with this: Credit Counseling, Debt Management Programs, Debt Consolidation, or Bankruptcy. While bankruptcy should only be considered only as a last choice, let’s review the first three programs that may be of significant help to you if you are in debt.

Local Companies

Consumer Credit Counseling
(212) 334-7405
1635 S Ridgewood Avenue Daytona
New York, NY
Financial Success Coach
(212) 861-0261
352 Seventh Avenue
New York, NY
The Credit Pros Intl
800-411-3050
60 Park Place Suite 200
Newark, NJ
Cft Tax
(201) 792-9778
618 Newark Ave Ste 104
Jersey City, NJ
American Credit Alliance Inc
(718) 727-0711
37 E 56th St
Brooklyn, NY
Ca Cheuvreux North America corporated
(212) 468-7200
1301 Avenue Of The Americas Bsmt 2
New York, NY
Alexis Kirk & Associates
(212) 572-9997
445 Park Avenue
New York, NY
EMT Credit Repair Consultants
718-975-0155
2186 Schenectady Avenue
Brooklyn, NY
Bailey & Orozco LLC
(973) 693-4408
744 Broad Street Suite 1901
Newark, NJ
Greenpath Debt Solutons
(718) 239-4783
3250 Westchester Ave Ste 126
Bronx, NY

If you have gotten over your head in credit card debt you are not alone. According to the FTC, there are four basic methods you can use to assist you with this: Credit Counseling, Debt Management Programs, Debt Consolidation, or Bankruptcy. While bankruptcy should only be considered only as a last choice, let’s review the first three programs that may be of significant help to you if you are in debt.


1) Credit Counseling: By selecting a reputable credit counseling service and talking with certified counselors, you may have the opportunity to learn how to budget properly and maintain finances in a more productive manner. Counselors can offer the tools and resources you need to pay down your debt and become debt free.

Of course, not all counseling agencies are on the up and up. So it is important to research as many organizations as you can. Call them and make an appointment and be prepared to ask many questions, such as: What type of service do they offer; do they charge fees for their services; are they licensed to operate on your state; are the counselors certified.


2) Debt Management Program: This, too, requires a great deal of research to determine if this is the method right for you. This program also encompasses certified credit counselors. In essence, you give them money each month and they pay your bills. Depending upon your financial circumstances, the time it will take to clear up all debt can be up to four years. Again, talk to the selected debt management organization before you sign on the dotted line.

3) Debt Consolidation: This is the third alternative, but one that may cost you additional money as well as reduce your credit score. The reason is that if you borrow money to pay off a credit card debt , you still owe the same amount of money but have incurred additional interest and fees. If you decide to take out a second mortgage to pay debts, there is the risk that the points will increase as well.
Although debt consolidation may be considered a likely alternative, you may want to look into other options before you decide.


In the interim, you can call credit card companies and ask to have your interest rate lowered, or you can negotiate with them if you are severely in debt to lower your minimum amount due. You can also consider selling items no longer needed or unused on eBay so that whatever profit you make can be applied to existing debt.

The most important way to resolve getting out of debt is to fully accept that you are in debt. Once you make the commitment to pay off this debt using any one of the aforementioned solutions, you are well on your way to a debt-free life.

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