Smack Debt Consolidation Services

You can either choose to work with a credit counselor or simply follow a do it yourself approach to credit counseling. There is nothing a credit conselor can do that you can't do yourself. If you are among the go-getters, the do it yourself approach for credit counseling might just be what you are looking for!

Budgeting
Budgeting is the single most important factor in credit counseling. A good budget is the one that saves you enough dough to pay towards your credit card debt and other loans.

Negotiate lower interest rates
List down your credit card companies and call them asking to lower your interest rates on your accounts. If you remain firm and if need arises, speak to the supervisor, you will be able to reduce interest rates on most of your accounts.

Extend the life of the loan
By extending the life of your loan, you will be able to make the payments more manageable.

Remove late fees
Talk to your credit card companies to eliminate or reduce your late fees. If you explain them you are working on a plan to help pay off debts, they are likely to listen.

In reality, average Joe will not be as effective as a credit counselor. But if that means saving several hundred dollars a year to pay off debts, you might consider giving it a shot. If you know you are not good at saving money and are not comfortable creating and following a budget or negotiating, do it yourself credit counseling might just not be for you.

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