Credit Card Debt Hopewell Junction NY

If you have gotten over your head in credit card debt in Hopewell Junction 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

Citizens Bank
(845) 256-3802
271 Main Street
New Paltz, NY
Ulster Savings Bank
(845) 255-5470
226 Main Street
New Paltz, NY
Center for Holistic Healing
(845) 255-2443
52 S. Manheim Blvd.
New Paltz, NY
Integrated Feeling Therapy, Inc.
(845) 255-4143
27 North Chestnut Street
New Paltz, NY
NuMony Technologies Inc.
(845) 431-9003
2600 South Rd. Suite 44-25
Poughkeepsie, NY
Bank of America
(845) 255-6830
1 New Paltz Plaza
New Paltz, NY
M & T Bank
(845) 255-7100
191 Main Street
New Paltz, NY
Walden Savings Bank
(845) 256-9667
2356 State Route 44/55
Gardiner, NY
Elaine Ramos, LCSW
(845) 255-8014
42 North Chestnut Street
New Paltz, NY
Roots & Wings
(845) 255-2278
12 Ramah Lane
New Paltz, 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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