Non profit organizations for consolidating debt
You can find free or low-cost credit counseling options at: The Servicemembers Civil Relief Act (SCRA) assists active-duty military with financial burdens.Under this act, you may qualify for a reduced interest rate on mortgages and credit card debts. It can also delay civil court including bankruptcy, foreclosure, or divorce proceedings.Before you consolidate, talk to a qualified credit counselor.You may be able to lower your cost of credit by consolidating your debt through a home equity loan or home equity line of credit.These debts can include credit card bills or loan payments.
The FDCPA does not cover debts incurred in running a business.
If you're unable to pay your creditors, filing for bankruptcy can help you get a fresh start.
Bankruptcy involves liquidating, or selling off, your assets to pay your debts, or creating a payment plan.
There are two main types of personal bankruptcy: The bankruptcy and petition process is complicated, so it can be difficult to file without an attorney.
When you're ready to consolidate your debt, it's time to find a reputable credit counseling agency that can assist you.