Consumer Credit Counseling is an alternative for consumers who are having financial hardships and unable to make their minimum monthly payments. Like RAM Financial Service’s Debt2Prosperity Plan, Consumer Credit Counseling organizations act as the middle person between you and your creditors by trying to reduce the interest rate and fees on your debts, but not the balances themselves. By reducing the fees and interest that you have acquired, Credit Counseling will usually allow you to get out of debt in about five years. But since you are paying back 100% of your balance plus interest, it requires a much higher monthly obligation than the Debt2Propserity Plan.

Always check to see if the Consumer Credit Counseling company you are looking into is a for profit or non-profit group because non-profit Consumer Credit Counseling organizations are fully funded, backed and supported by the SAME credit card companies who you are making monthly payments to – talk about a conflict of interest! Be sure to clarify if any Consumer Credit Counseling organizations you are considering or working with are collecting fees from both you and your creditors.

Consumer Credit Counseling organizations are right for some people, especially those who can afford the higher monthly payments that are required in this type of program. We have relationships with several leading organizations and will be happy to provide their information to you if that is what you decide is best for your situation.

To find out the Responsible Debt Solution that fits your needs, please call today at 1(866)726-2122 for a free consultation with one of RFS’s Debt Resolution Specialists.