“I’ve got too many debts to too many credit card companies and stores,” consumers commonly lament. “Is there a way to consolidate my bills into one simple payment?” Taking out a loan to pay off unsecured credit balances is an option that many people consider.But continuing to borrow money to pay off your bills makes debt and bill consolidation more difficult and is like placing a small bandage on a growing woun. Generally, the more money you borrow, the more you spend, and the more debt you pile up.
For example, let’s say you take out a consolidation loan. You use the loan to pay off all of your credit cards. Then, while you’re making monthly payments on the loan, you start to use those zero-balance credit cards again to charge new purchases. Now you have more debt than when you started. A new loan to consolidate credit card debt you just accumulated may not be possible, because the more debt you have has a negative impact on your credit rating. You’re not digging your way out of the financial hole – you’re digging yourself in deeper.
So now you may be thinking, “How can I consolidate my bills if I don’t borrow any more money?”
The key to becoming debt free is to change your perspectives about money and using credit. This can be painful at first, but when spending habits change, money management becomes easier. A debt management program through a non-profit credit counseling agency can help you consolidate your credit and give you resources to learn more about achieving a financially secure future.
The debt management program from American Consumer Credit Counseling (ACCC) has helped thousands of consumers nationwide achieve financial freedom. We can help you consolidate debts without falling deeper into debt. We work with your creditors to develop a plan to pay off your bills within your means and a targeted timeframe – usually five years or less, depending on the amount of money you owe.
Our program for consolidating bills can reduce your monthly payments and interest rates. You send a single monthly payment to ACCC, and we distribute it to your creditors. You can also track your progress in paying off your balances at any time through our secure members-only web portal.
“ACCC’s debt management program sounds great,” you say, “but why should I choose them to consolidate my bills?” The answer is simple: Our experience shows. We have worked with tens of thousands of clients since 1991, so we have a long, successful track record in helping people like you become debt free.