CCCS offers a comprehensive Debt Management Plan to assist you. During the free initial counseling session the counselor advises you about your budget as well as payment options through the Debt Management Plan with your specific debts. The Debt Management Plan works for both the customer and the creditors. This allows you to repay the debts more quickly, because more of the payment is applied to principle rather than interest and fees. The program also provides education to the customer regarding the wise use of credit, money management and an array of consumer related issues.
Some customers feel overwhelmed to the point they just want to make it go away fast.
Filing bankruptcy may seem an immediate answer to your debt payments, but remember debtors cannot eliminate some debts through a bankruptcy, and the bankruptcy appears on your credit report for 7 to 10 years. Although home equity loans also appear as a ready solution, you must consider all the outcomes. By paying off your unsecured credit card debt with a home equity loan you are placing your home as security for the debt. You turn unsecured debt into secured debt. If you miss what would have been a credit card payment it can affect your home.