Credit Consolidation

When you find yourself worrying more and more about your debts, credit consolidation may provide you with a solution.

Having problems with debt doesn’t mean that you have acted foolishly. Anyone can be faced with rising costs of living or unexpected expenses. Salaries don’t always rise as fast as your needs. Or you can make mistakes in planning credit card or other debts that you have taken on.

When this happens, credit consolidation can be a financial lifesaver. The right counselor can advise you on how to use credit wisely; help you establish a workable budget, keep track of your bills and manage your money; and, if appropriate for your situation, arrange a repayment plan with your creditors. In short, a trained and certified specialist can get you back on track to financial security.

For some consumers, it’s possible to develop a plan to optimize the payment of debt – that is called credit consolidation.

A certified credit counselor can work closely with you to determine a strategy for the best and cheapest way for you to pay off your debts. Which ones should be addressed first? Should you pay some off completely right away?

The counsellor will help you to reduce your monthly payments, cut your interest rates, waive penalties and minimize credit damage. With a good strategy worked out, you won’t feel the burden of debt anymore.

Once you have selected a reputable and certified credit counselor – and you will find one at Brite Solutions — you will be asked to provide information about your income, expenses and debts. The counselor should analyze the information, discuss your situation with you and make recommendations to help you address your financial problems. These suggestions may include participation in an educational class, enrolling in a debt-management/repayment plan, or referral to another organization, such as a relationship counseling or state employment agency, for assistance to address any non-financial situations you may be experiencing.Talk to us about whether credit consolidation is right for you. Credit consolidation tends to be best suited for consumers who are still able to make regular payments on their debts. If, on the other hand, your debts are spiraling out of control, another strategy may be the most appropriate.

We are accredited by the Better Business Bureau, and our work is Federal Trade Commission compliant. This means that we work to help you, and only when the right solution for you is found, do we take our fees. We know every person we help has different circumstances, so we develop unique plans and solutions to fit each debt situation.