Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You’re not alone. Many people face a financial crisis at some point in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn’t have to go from bad to worse.

If you or someone you know is in financial hot water, consider these options: self-help using realistic budgeting and other techniques; debt relief services, like credit counseling or debt settlement from a reputable organization; debt consolidation; or bankruptcy. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future.

Blog Source:  FTC.com

Over the next few months we will cover Coping with Debt.

Debt Management Services

Presidents FCU offers debt consolidation services that has 3 ways of helping you consolidate your debt:

Debt Analysis

As partners in your financial liberation, our team will collect facts about your debt situation and conduct an objective analysis to provide you with an expert advice whatever your situation may be.

You owe it to yourself to follow the advice of our expert’s recommendations.

Debt Education

We offer Presidents members to learn more about their finance by providing expert counselling and educational materials at no cost to learn better money management.

Knowledge isn’t just valuable, it is priceless. So take the opportunity to learn everything you can about your finance.

Debt Assistance

Presidents members when qualified for Debt Management Program their bills will be combined into one monthly payment and interest will be lowered by as much as 60 percent.

Late and over-limit fees will be eliminated.

In three to five years you will pay off your bills, save on interest and increase your credit score significantly.

See more here:  https://presidentsfcu.org/services/debt-management/

Cincinnati Credit Union – Presidents Federal Credit Union (FCU) is federally insured and backed by the full faith and credit of the United States government for all accounts up to $250,000.00. We have over 60 years expereince and offer the best values with friendly customer service.

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