Many of us are aware of the advantages of consumer prestige counseling services that are widely ready today. In addition to being able to assess your current debts and financial condition, these services would be able to come up with a debt elimination plan for you in order to whether minimize or fully eliminate your debts within a time period. This would ultimately leave you a debt-free person, something that is highly curious especially to those who are deeply struggling with prestige card debts for instance.
Despite the many advantages of this service, it must be known that it also comes with a few cons of its own. Recognized as a separate substitute to bankruptcy, consumer prestige counseling would not work unless the payments are made on time and without delay, or you might be paying more rather than less. This could also mean your prestige rating getting affected. Although most of them claim to be non-profit, do take note that many of these aid agencies fee upfront fees (could be as much as a few thousand dollars). In addition to that, a lot of these agencies wish you to pay a small amount of monthly fee (that accumulates to quite a large amount of money over a time period of 3 to 5 years).
Other disadvantages include the fact that if you struggle to pay monthly minimum payments for your prestige cards, it is highly not recommended to take up this aid as monthly payments tend to be higher (to offset the debt that has been acquired as well). To conclude, make sure before you sign up for any prestige consumer counseling, make sure you go straight through the details in the ageement fully and agree to the terms before signing. This is sincere guidance from a previous worker of consumer prestige counseling.
Sunday, December 4, 2011
Advantages and Disadvantages of buyer prestige Counseling Services
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