Our credit counselors are here to help you with debt management.

How ACCC’s Personal Debt Consolidation Program Work

How does debt consolidation work with ACCC? First, a certified counselor from ACCC will assess your current debts and bills. This helps create a manageable budget for you. Once you establish a budget, and if you are a viable candidate, your counselor will provide you with debt consolidation information. If you do go ahead with the personal debt consolidation program, also known as a debt management program, ACCC will work out a plan with your creditors. In the program, you will make one monthly payment to ACCC and we pay each of your creditors on your behalf.

Benefits of a Personal Debt Consolidation Program

• Under the personal debt consolidation plan, your monthly financial obligations will be greatly simplified. This will make it easier for you to budget and stay on top of your payments.
• In many cases, creditors participating in the ACCC debt consolidation program will agree to lower interest rates and to waive existing late fees and over-limit fees. This can have the effect of lowering your monthly payments and reducing the time it takes you to become debt-free.
• In combination with the debt consolidation program, we offer expert debt advice and educational resources.  This will help you stay on the path to a debt-free future.
• Compared to most debt relief companies, ACCC has very low fees.

If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.

A spending freeze is effective for getting back on track from your debt.

The Basics of a Spending Freeze

A spending freeze can last for as long as best suits your needs. It could be a week or a month. If you are doing a spending freeze on just a few budget categories, it could last for several months. Let’s break down the reasons behind the different lengths of time.

If you recently went on a bit of a spending spree, then a week long freeze might be just what you need. Think of it as a way to get back to your routine. A quick pause in spending can help shift behavior away from destructive habits that haven’t completely taken over and stop more personal credit card debt.

Another reason for a freeze might be due to a major purchase you recently made. Dropping a lot of cash or credit on a purchase can sometimes stretch the budget more than expected following that transaction. Therefore, a spending freeze can help to slow things down. It can also help to stop any thrill spending. I admit that spending money can be a hoot, especially a lot at one time. A spending freeze can act as a guard rail to prevent any overspending.

Do you have a major financial goal you are trying to achieve? Cutting back on a few budget categories can really make your savings add up fast. Clothing, entertainment, dining out are some of the common categories that can be put on hold while saving for a goal. Whether it’s managing credit card debt, saving for a down payment or putting money aside for college, a spending freeze can help.

More Tips for a Spending Freeze

Although it’s simple on paper, committing to a spending freeze can be difficult. Here are a few ways to help stay on track:

• Keep a small fund for “emergencies.” Try not to use it consistently. It’s for the tough times.
• Tell someone your plan. Having an accountability partner can be a great way to keep things on track.
• Create and display a visual reminder of your end goal. A little note to yourself on the mirror or a big inspiration poster can make a big difference.
• Start small. Try it out for a weekend and then add a few more days. You could also go on and off every other month.

Whether you need to save money or create better habits, a freeze on spending is a useful debt management tool.

If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today. 

ACCC can get you the credit counseling and debt management help you need to get out of credit card debt.

Drowning in Credit Card Debt? Consider Credit Counseling!

The important thing is to have a plan for paying off that debt! When you feel like you have more credit debt than you can handle, American Consumer Credit Counseling (ACCC) can help. We’re a non-profit organization that provides debt relief services for people who need help getting out of debt. ACCC’s credit counseling and debt management programs, have helped many to pay off credit card debt.

You can always consider paying off credit cards through a debt management program such as the one offered at ACCC.

Here’s How ACCC Can Help You Get Out of Debt!

• Evaluating your financial picture. An ACCC certified credit counselor will review with you all of your outstanding credit card statements, monthly bills, and other debts as well as your income. They will make a plan for how to eliminate debt – usually within five years.
• Making a plan for the future. The counselor will also help you create a workable budget that you can live with and a plan for staying debt-free in the future.
• Consolidating your debts. You can simplify your finances and reduce the stress of credit card debt through debt consolidation. This allows you to make one payment each month instead of many payments to a variety of creditors.
• Working with creditors. We’ll work with your creditors to lower your  debt by securing lower interest rates, lowering monthly payments or eliminating late fees. This will save you money and help you pay off your debt faster.

If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.