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This is a selection made from among articles on Federal Student Loan Consolidation Program. For a permanent link to this article, or to bookmark it for future reading, click here.

from: Credit Card Counseling - There Is No Alternative To Debt Consolidation




Credit Card Counseling - There Is No Alternative To Debt Consolidation
By Asheesh Mani




Many credit card debt consolidation companies and others in the profession provide credit card counseling and or debt management programs. These uniquely designed programs provide solutions for your financial problems. Certified and professionally trained counselors evaluate your application for assistance, help you in creating a budget, and then work with your creditors to negotiate a settlement in your favor on the following:



  • Financial charges
  • Over-the-limit charges
  • Late fee
  • Monthly payments
  • Pay-off time


  • The Debt Management Program



    The credit card debt settlement program simplifies your monthly financial commitments. You make one single payment to the company and on your behalf; the company disperses it to your creditors. The counselors give you a free budget analysis and the credit card counseling helps you to determine which the debt settlement program is the right one for you. Not only this, counselors educate you with ongoing counseling throughout the entire life of the program and make sure you stay on track. You get all the resources and all the help you need to allocate your money, to improve your financial position.



    One of the major reasons for the huge debt in the credit card market is the easy availability of free credit card loans, which lure unwary consumers into a never-ending debt trap. This eventually leads them to free credit card loan counseling to enroll for a credit card debt settlement program.



    A Good Debt Settlement Program Should Give You The Following Benefits.



  • One Convenient Monthly Payment - All your credit payments should be combined into one monthly payment. The company should disburse this payment to all the creditors.



  • 24 Hours Access - It is a good program if it allows you to access your consolidated account 24 hours a day.



  • Saves Your Money With Lower Payments - A good debt settlement program will lower your monthly payments by almost halving it.



  • Personal Money Management - This should help you in personal money management and improve your financial literacy through tools like loan rate calculator etc.


  • The cost of a debt consolidation program is usually a one-time payment of $39 or more. It is free in case you are a senior citizen, student or a veteran. Usually, a monthly maintenance fee is also charged which is $5-$35. Budget consultation is free. The best action plan gets you out of your debt in 60 months or less.



    Debt management programs usually help with your unsecured debts like your credit cards, medical bills, department store cards, signature loans and the like. Credit card counseling recommends that you should not use credit cards while enrolled for a debt management program. Always bear in mind that adding new debt cannot relieve you of your current liabilities.




    Credit card counseling helps individuals to decide on a credit card debt settlement program in accordance with their financial condition. If the debt situation is bad one can even consider free credit card loans that are available so easily. Let your counselor understand your debt situation and then decide on the best credit card debt consolidation program for you.



    Article Source: http://EzineArticles.com/?expert=Asheesh_Mani
    http://EzineArticles.com/?Credit-Card-Counseling---There-Is-No-Alternative-To-Debt-Consolidation&id=880509









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    Federal Student Loan Consolidation Program News

    Struggling Lenders Continue to Suspend Federal and Private Student ... - MarketWatch


    Struggling Lenders Continue to Suspend Federal and Private Student ...
    MarketWatch - Aug 19, 2008
    On the same day MEFA announced it would stop issuing private student loans, Brazos again suspended its federal student loan program indefinitely. ...
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    all 27 news articles

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    Feds, state will repay some loans for teachers - FayObserver.com


    Feds, state will repay some loans for teachers
    FayObserver.com, NC - Aug 19, 2008
    Q: What counties or state programs will pay back a student loan for a teacher? — TS, Fayetteville A: There are several federal and state programs that can ...

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    Credit squeeze hits college students, families - MSNBC


    Credit squeeze hits college students, families
    MSNBC - Aug 18, 2008
    Sorting through the maze of student loan programs is daunting in the best of times. Both Stafford loans, which are available to students, and PLUS loans, ...

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    State using fed program to get Utahns student loans - Deseret News


    State using fed program to get Utahns student loans
    Deseret News, UT - Aug 15, 2008
    Students currently repaying past loans continue to have consolidation options through the federal program. With banks having few incentives left to loan ...

    Read more...


    In Slumping Economy, Colleges Forced to Keep Enrollment Numbers Up - MarketWatch


    In Slumping Economy, Colleges Forced to Keep Enrollment Numbers Up
    MarketWatch - Aug 7, 2008
    And although the government eased credit restrictions on federal parent loans and raised college loan limits on certain federal student loans in emergency ...

    Read more...


    Students Loans Get Harder To Come By - NBC 4.com


    Students Loans Get Harder To Come By
    NBC 4.com, DC - Aug 19, 2008
    But new student loan regulations and a tight economy can make it more difficult to find affordable student loans. Paul Hassler is putting the youngest of ...

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    Student Loan/Consolidation Network Announces Good News from Congress - PR Web (press release)


    Student Loan/Consolidation Network Announces Good News from Congress
    PR Web (press release), WA - Aug 2, 2008
    And when it comes to federal student loan programs, there is also going to be a renewal of existing programs such as the low-cost Perkins and Stafford ...

    Read more...


    Survey Reveals One in Four Students Leave College With More Than ... - Earthtimes (press release)


    Survey Reveals One in Four Students Leave College With More Than ...
    Earthtimes (press release), UK - Aug 20, 2008
    Many federal loan programs have deferment and forbearance programs that allow borrowers to put their debts on hold temporarily. 5. ...

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    How to Consolidate Student Debt to Save Thousands: Combined or ... - Best Syndication


    Best Syndication

    How to Consolidate Student Debt to Save Thousands: Combined or ...
    Best Syndication, CA - Aug 15, 2008
    As you might have guessed, this issue comes to pass only if you have both Federal Student Loans (or another form of government student loan) and private ...

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    Kathy Kristof: Going into public service could win student-loan ... - Arizona Daily Star


    Kathy Kristof: Going into public service could win student-loan ...
    Arizona Daily Star, AZ - Jul 27, 2008
    Only Stafford, PLUS and federal consolidation loans are eligible — and only if they are made through the US Education Department's Direct Loan program. ...

    Read more...