Consumer Credit Counseling Center is committed to bringing you the credit counseling information you need to mike wise credit decisions. We provide informative articles and links to information on credit counseling, debt reduction, and debt consolidation. We want to help you find the strategies you need to eliminate credit card debt and consumer debt, and start on your way to becoming an American Saver. We also help you identify predatory lenders, as well as illegitimate credit counseling companies.
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Articles: Consumer Credit
Build Wealth Not Debt
One way to ensure that you do not fall into debt again is to create a disciplined savings plan. Five key savings strategies include:
Pay off high cost debt
Purchase a home and pay off the mortgage as early as possible
Participate in a company retirement/401k program
Create "forced savings" by having money automatically deducted from your bank account and invested on a monthly basis
Look for quality investments with strong returns
To read more about savings strategies, as well strategies to find "extra" money each month to pay off debt and invest, click here.
Consolidate Your Debt
Home equity loans and lines of credit are extremely popular ways to consolidate consumer and credit card debt.
However, opening a home equity loan or line of credit puts your home at risk, because you are using your home as collateral for the loan. The Federal Trade Commission is committed to helping consumers understand the benefits and risks of using your home equity to consolidate debt. The FTC details all interest rates, borrowing limits, and closing costs on debt consolidation loans and home equity loans.
click here
