Maintain Your Credit - You'll Need It Again
FES offers solutions that will help maintain your credit rating and in many cases improve it. It is tempting for people in difficult situations to choose irreversible hardship programs, payment settlements or debt consolidation programs as a permanent solution to a temporary situation.
These programs may be the right solution for some, but they typically will cause severe and long term damage to your credit rating. We urge you to carefully assess your situation before committing to any credit-impairing program. We can help you with this assessment.
At FES, removal of the debt is just one step in the process, we help you maintain your credit in good standing because you will need it again. Having good credit allows you to qualify for a mortgage for a new home, finance a new car, or take your family on vacation (have you ever tried to rent a car without a credit card?). These days, a good credit rating may be required for basic necessities such as insurance, apartment or car rentals, bank accounts and even jobs.
If you are not sure if your situation is severe enough to need debt consolidation or bankruptcy, contact us (link). We provide a free consultation and can determine if our program is right for you. Remember, the Financial Educational Services, Inc. program provides you with a personalized Smart Savings PlanTM to take control of your debt and begin to pay off your balances. Following your customized plan can significantly improve your overall credit profile and, over time, can improve your credit score.
A good credit rating:
- Makes it easier to get loans with good terms
- Makes it easier to get credit cards with favorable interest rates
- Is important if you want to buy a home or rent an apartment or home
A poor credit rating:
- Makes it hard for you to get loans or credit cards
- May prevent you from obtaining car or home/apartment insurance
- Means you will probably pay higher interest rates on loans
- Means you may not be able to rent an apartment
- Means you may be turned down for a job
Manage Your Debt & Get Back To Living
Sometimes debt can become unmanageable. Life never stops, mortgages are always due and cars break down at precisely the wrong moment. If you don't have the cash to fix it, what do you do? Do you pay with your credit card? What if your card is at the limit? Do you just apply for more credit?
Does this scenario sound familiar? In this paycheck to paycheck world it happens all the time. If it is happening to you, contact us (link). At FES, we understand. We work with you to help make your debt manageable again, and then we work with you to eliminate your debt. Through our personalized debt reduction plan we can get you back to living your life and enjoying the things that make life worth living.
At Financial Educational Services, we offer life after Debt!
Save Money And Get Out Of Debt - FES Can Help
To find out more about our debt reduction programs, please visit our Debt Reduction Program page or contact us for more information. We will be glad to speak with you and explore how we can help you emerge from the burden of debt and begin to live the financially stable life you were meant to live.