Opening the box containing the latest gadget that you just charged to your credit card sure feels great, doesn’t it? At least it does until the credit card bill arrives, with all of the other credit card bills! Sometimes when you’re drowning in debt and can’t see a way out the thing that feels best is to spend a little more money. But wouldn’t feel even better if you weren’t drowning in debt anymore and could pay your bills with ease? That’s the promise made by non profit debt consolidation services.

A non profit debt consolidation loans company will work directly with all of your lenders, credit card companies, and also with collection agencies that may now already be harassing you for money.

How credit card debt consolidation services work.

Let’s face it. If you are only masking your minimum credit card payments most months then it will take you virtually forever to pay off your credit card balance. No kidding, it can take up to twenty years or even longer to pay off a credit card making the minimum monthly payment. So, you need to look seriously at a non profit credit counseling organizations. Non profit debt consolidation services will contact all of the credit card companies, unsecured lenders, and collection agencies that you owe money to, negotiating with each individually, to lower interest rates or drop them altogether, and sometimes, to lower the principal amount that is owed as well.

A non-profit debt consolidation company will combine amounts that you owe to collection agencies, credit card companies, or to other unsecured lenders into one, much lower, monthly payment with a much lower interest rate. This payment will be much less than what you are paying before non profit debt consolidation, and, what’s more, you can pick your payment due date each month.