Currently, the average consumer has a credit card with a credit line of at least $4000 and about a quarter of Americans admit to maxing out at least one credit card. Obviously, people are in need of simple solutions to sooth the burdens of being buried in debt. A non-profit debt consolidation program can very well be the answer most consumers can look to and afford for debt relief. The average consumer today carries about 3-5 credit cards, each with their own outstanding balance, creditor terms and fees, due dates, and varied billing cycles. A non-profit debt consolidation organization negotiates these terms with each individual creditor on behalf of the account holder to reduce interest rates, stop late, past due, over limit fees, and usually a lower monthly payment. In obtaining the best rates for the account holders, the non-profit org consolidates all the accounts into one monthly payment and the account holder then sends one payment each month to their consolidation agency ...
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