Mammoth AwardsThen use these resources that can lend a helping hand to ease your worries.
Trying to stay within your budget is hard enough with rent, food, utilities, and other essential expenses. Throw tons of credit card debt on top, and you could find it impossible to manage your finances. That’s why today, we’ll look at several resources that specialize in helping people with credit card issues.
Credit Card Assistance Resources
If you’re starting to fall way behind on your credit card payments, your first move should be to call your issuer. Let them know your situation and why you’re late on payments. The more specific you are, the better.
How could they respond? Hopefully, they’ll be willing to work with you to lower your monthly payments, so they’re more budget-friendly. And they may even waive late fees, so you don’t owe as much.
Beyond talking with your credit card issuer, contact these nonprofit organizations that specialize in credit counseling. They can help you come up with debt management plans that can get you out of that pickle without damaging your wallet or credit score any further.
Take Charge America
You can get free counseling via this nonprofit to help you:
- End collection calls.
- Lower your monthly payment.
- Waive late fees.
- Get a lower interest rate.
- Pick a customizable payment date.
- Pay off your debt within three to five years, on average.
Beyond credit cards, Take Charge America can also offer assistance with housing and student loan debt, should you have any.
National Foundation for Credit Counseling
Out of all the nonprofit financial counseling organizations out there, the NFCC is the largest and oldest. That can offer you some much-needed peace of mind when dealing with such a sensitive issue as credit card debt, which is crucial when times are tough.
If you choose NFCC for your debt management needs, you can get in touch with a free credit counselor to:
- Avoid legal or tax issues.
- Lower your interest rates to make your debt easier to pay off.
- Get financial education to avoid issues in the future.
- Stop calls from creditors.
- Improve your credit health.
- Pay off your debt faster.
While you’re at it, you should also ask NFCC about other financial issues you’re having beyond credit card debt. They also offer assistance with mortgage or rent problems, plus much more.
GreenPath
Here’s another nonprofit with several years of experience helping people fix their finances. If your credit card debt is out of control, GreenPath can help you fix that with a customized management plan meant to fit your unique needs.
As with other credit counseling solutions in this list, GreenPath offers several benefits to those who solicit their services. Whether you want to lower sky-high interest rates so you can save money along the way or get rid of your debt faster, you can do so here.
Besides credit counseling, GreenPath can also assist if you’re facing foreclosure, want rental counseling, or have other housing questions, as the nonprofit has several HUD-certified counselors under its umbrella.
