Is Credit Counseling For You? See How We Helped 3 People With 3 Different Scenarios Solve Their Financial Problems!

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Credit Counseling Is For You If You Want To…

  1. Know your true financial situation
  2. Save money as you pay back creditors
  3. Get out of debt quicker

Credit Counseling History

  • Invented by Credit Card Companies in the 1980’s who wanted creditors to have an alternative to bankruptcy
  • What is created is called “A Debt Management Plan”
  • Credit Card companies sponsor companies like a debt coach to help their creditors when the get into bad situations
  • A Debt Coach has been in business since 1992! To be able to do this for you we have to a certified, be a non-profit, and be regulated by the IRS. We are!

Case #1 – Person on a Fixed Income with 5 Credit Cards

The Situation

  • Had 5 credit cards
  • Owed $6,806
  • Cost $350/month
  • Average Interest Rate of 23.98%
  • Paid off in 76 months if they could keep making payments

The New Plan Created by A Debt Coach

  • Cost $191/month (savings of $159/month)
  • Average Interest Rate of 6.65% (down 17.33%)
  • Paid off in 40 months (36 months less)
  • The only charge to the client from A Debt Coach for its services was $65, which was figured into the new plan.

Case #2: Retired Person with 7 Credit Cards

The Situation

  • Had 7 credit cards
  • Owed $33,668
  • Cost $1,025/month
  • Average Interest Rate of 23.85%
  • Paid off in 100 months if they could keep making payments
  • This client was a bankruptcy candidate but wanted to pay the debts back through this program

The New Plan Created by A Debt Coach

  • Cost $706/month (savings of $319/month)
  • Average Interest Rate of 7.60% (down 16.25%)
  • Paid off in 37 months (63 months less)
  • A savings of more than $35,000 in interest
  • The only charge to the client from a Debt Coach for its services was $65 one time and $20/month, which was figured into the new plan.

Case #3: Person Had Loans With Multiple Finance companies 

The Situation

  • Owed $16,000 to multiple finance companies
  • Upside down on budget by about $200
  • Average Interest Rate of 29.99%

The New Plan Created by A Debt Coach

  • Average Interest Rate of 12.00% (down 17.99%)
  • Payments down $285
  • Paid off in 48 months
  • The only charge to the client from a Debt Coach for its services was $65 one time, which was figured into the new plan.

A Debt Coach offers credit counseling services to people who are experiencing credit and debt problems! We create customized plans with your budget in mind and deal directly with your creditors. No gimmicks, no funny business! Both the Government and your creditors are happy that we are here to help you solve your financial problems. 

Contact us (888-767-9155) today to get started!

About A Debt Coach

logoA Debt Coach is a Non-Profit Credit Counseling Agency that helps consumers find options available for the financial problems they face. We offer credit counseling services to clients across the country who are experiencing credit and debt problems. A Debt Coach offers one of the most beneficial debt consolidation programs in the nation and we have provided counseling and advice to more than 200,000 consumers since 1992.
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Did you know that A Debt Coach provides free financial education and advice?We provide the advice so that people can get their lives back in order! The free education starts by downloading our free “Own Your Life” ebook.

Everyone who downloads the book will be approached to start the “Budget Bootcamp” with Randy after you read the book! Randy will help you create the best budget for your situation and put you on a glide path towards being totally debt free!

 

Posted in Non-Profit Credit Counseling.