

What Options do you Have for Clearing your Debt?
You have options available if you want to try and clear your debt. If you want to learn more about them, look below.
Credit Counselling
You can undergo credit counselling if you want to get out of debt. Usually, this is a free service, and you can talk to someone confidently. The only thing that you have to lose is the debt that you have. When you come to us at Fox-Miles and Associates, you will soon see that we have decades of experience and can offer you a free consultation. During the consultation, we will explore your spending habits, budgeting skills, and current debt relief options that may be available.
Debt Consolidation Programs
Another option that you have would be debt consolidation. Going through a debt consolidation program will form an agreement between you and your creditors. You will also work with a third-party agency that will work by your side. The third-party will usually be not-for-profit. When you enter debt consolidation, you can eliminate interest on the debt you owe and negotiate lower monthly payments. You can also end the collection calls while having a completion date in which you can look forward to your debt getting paid off. If your creditors agree to the terms, you will get one lower payment to the counselling agency. They will then send the payment to your creditors.
One consequence is that you will have to let go of your credit cards. Many people maxed them out long ago, so this is never really an issue. If you work with someone certified and from a reputable agency, they can give you a secured credit card that you can use to rebuild your rating.