Consumer credit counseling programs were created by credit card financial institutions as a means of recovering the maximum possible amount of a debt owed to them by consumers who may be considering personal bankruptcy. The agencies providing these programs work on behalf of the creditors and have absolutely no incentive to represent your best interests.

These programs may be successful in having your interest rates reduced and/or late payment and over-credit limit fees canceled or forgiven, however, this is not guaranteed. You remit agreed-upon monthly payments for a four to six year term which are distributed to your creditors. Any canceled or forgiven debt is considered taxable income by the Internal Revenue Service. Federal and State income taxes must be paid by you.

Although this option may appear to be a viable alternative if you are not behind or struggling to make minimum monthly payments, it may not provide the monthly cash flow improvement you require and your credit reports will be negatively affected for at least as long the term of the agreement. Your monthly payments will be more than the minimum monthly payments required by credit card companies, debt settlement programs and Chapter 13 bankruptcy.

For these reasons, a large percentage of consumers enrolling in credit counseling programs fail before the debt is fully paid and subsequently enroll in our Debt Jurisprudence™ process.

The Debt Jurisprudence™ process is an ideal alternative to consumer credit counseling programs, as there is generally no tax liability incurred and your financial information is not disclosed.

And yes, we may be able to help if you are already enrolled in a credit counseling program.

Contact us today for your FREE, CONFIDENTIAL, NO OBLIGATION Consultation