Credit Card Debt Farmingville NY

If you have gotten over your head in credit card debt in Farmingville 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 Service of Rochester Inc
(585) 546-3440
50 Chestnut St
Rochester, NY
Consumer Credit Mortgages & Tax Consultants
(516) 483-4523
33 Main St
Hempstead, NY
Debt Reduction Services of New York
(631) 727-4540

Riverhead, NY
Greenpath Debt Solutions
(631) 863-0190
700 Veterans Hwy
Hauppauge, NY
My Credit Now
(631) 509-5259
405 Broadway
Port Jefferson Station, NY
Castiglia-Rubinstein Attorneys at Law
631-845-7222 Ext. 2010
445 Broadhollow Road
Melville, NY
Credit Services
(718) 565-2080
2809 Wehrle Dr
Williamsville, NY
Pioneer Credit Recovery Inc
(585) 492-1234
26 Edward St
Arcade, NY
Shaw Eden
(212) 687-0463
230 Park Ave
New York, NY
Sze Consulting Inc
(212) 941-8883
87 Chrystie St
New York, 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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