The first step is talking to your debt management consultant about
your overall financial situation. The consultant will review your
monthly income and compare it to your total monthly expenses to get a
complete picture of your unique circumstances. The consultant will then
contact your creditors to inform them of your intention to enter a debt
management program. CredAbility has been in business for over 50 years
and maintains contact with an extensive network of creditors. It is
often possible to negotiate lower interest rates, which will help you
pay off your debt more quickly. Your consultant will also create a
repayment plan that allows you to pay down your debt without drastically
reducing your standard of living. Debt management takes dedication and
some sacrifice, but you will be rewarded by seeing your balances shrink
and your financial prospects expand.
How to Prepare for your Counseling Session
We strongly recommend that you watch this video to understand what
documents you will need to have available, and how to get the most value
from your counseling session.
CredAbility’s counselors are available nationwide, 24/7.To begin
pre-filing bankruptcy counseling, call 800.251.2227 to schedule a
telephone or in person appointment.
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