Manage Your Debt - Let's Explore Your Options
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If you are falling behind in your creditor payments and receiving collection calls, a debt management plan might be a good option for you. American Financial Solutions (AFS) financial education, credit and debt counseling services can help. Although you may find it hard to take that first step and contact a counselor, it is a good step to take. You are not alone, millions of Americans have fallen into financial trouble, and more do every day, as a result of the rising high costs of food and energy, falling home values and the credit squeeze caused by the recession. A properly structured debt management plan could be your way out of debt. What to expect
American Financial Solutions’ certified credit counselors will review your entire financial situation and help you to prepare a detailed budget which will list all of your income, expenses and debt. They will help you find an option that is right for you. If a debt management plan is a good option, they will structure a plan to allow you to repay your creditors with a payment that works within your budget. Best of all, they will consolidate all of your debt payments into just one payment per month on the day of your choice. AFS is a registered, 501(c) 3 non-profit agency, part of the North Seattle Community College Foundation, and a proud member in good standing with the Better Business Bureau with an A+ rating. We are accredited by the Council on Accreditation and abide by the best practices the National Foundation for Credit Counseling.
Who is a good candidate for a Debt Management Plan?
A good candidate for a Debt Management Plan has a high debt to income ratio and is having trouble making minimum payments. They may have fallen behind on their payments and cannot come up with the current minimum payment including the late payments and fees. Their budget shows that they can afford to make the DMP payment which will help them to pay off the debt in a much shorter period of time than they could on their own, if creditors wave penalties and lower interest rates. They are committed to becoming debt free.
"I'm so thankful my sons talked me into turning my credit over to you five years ago. I’m now debt free, thanks to your help. I intend to stay debt free and it’s a great feeling. Your service was always friendly and well presented when I needed help. I would recommend you to anyone. Keep up the good work and God bless you." - Terry H.
How to get started
You can call a certified credit counselor to review your debt, Monday through Friday from 6 a.m. to 6 p.m. Pacific Standard Time for more details or just fill out the online application form to get started and find out if a debt management plan is right for you.
Your debt management plan could be the first step towards financial freedom. American Financial Solutions will also provide you the educational tools you need to plan and prevent credit problems in the future. Our website is packed with resources and useful information on debt management plans, how to budget, and consumer rights. It also features an online video class series called "Investing in Yourself" with topics from reading your credit report and budgeting to a special segment just for young adults!
If you are in falling behind, don’t wait. Speak to a credit counselor now and ask about debt management and whether it’s the right solution for you.
Browse our recent blog articles and you will see and learn about the various ways AFS can help you, as well as educate yourself.
A recent headline from the Consumer Financial Protection Bureau (CFPB) has alerted consumers that another financial institution has been fined for, “Illegally Exploiting Personal Data to Open Sham Accounts for Unsuspecting Customers.” This typically happens when financial institutions incentivize their employees to open new credit and loan accounts and to sell certain financial products. Find out how you can protect yourself.
According to an article on Bloomberg.com, 53% of couples say inflation is prompting them to discuss money more often with their partners. This is great news as just four short years ago 44% of Americans saw personal finance as the most challenging topic to discuss with others (Scientific American).
Many people have heard of a financial cleanse. And if you have not, it is a way to understand where your money goes and ensure that those expenses align with your financial goals and values. It focuses on changing the relationship we have with money.
American Financial Solutions (AFS) has achieved national re-accreditation through the New York-based Council on Accreditation (COA). This accreditation was rigorous and involved numerous hours of preparation by members of our staff, executive team, board members, partners, and our clients.
Call us at (888) 864-8548
and your counselor will review your credit report, analyze your financial situation and help you find the option that's best for you.
