An interesting development in the world of
consumer credit counseling programs has developed.
Banks are now offering a new “Hardship Program”,
with lower minimum payments to anyone who can
qualify as a legitimate hardship.

In other words,banks have come to realize that
they have been driving away sincere individuals who
had a desire to pay their debt but were unable to because
when they went to a non-profit credit counseling company,
their monthly payments went up, when they tried to enroll
into a debt management program, and were turned away due to
lack of affordability. Remember, the banks control the non
profits.

So, is it that the banks are having a heart?
Please, do not be naive. First of all, you really have
to qualify for the program. Your hardship must be a hardship
in the eyes of the bank, not your credit counselor. The hardship
is determined by computer software, not a sob story.

Next, At the same time the banks are imposing
stiff annual fees on all card holders. Fees are raging from
29.00 per year to 99.00 dollars per year, and oh yes, lets not
forget what they did to your credit score recently, when they
lowered the credit limits of their best cardholders to whatever
the balance was at the time, thereby severely impacting their
credit score, and causing them to borrow money at a much higher
interest rate then they otherwise would have had to. I have verified
this with a number of finance managers, at lending institutions.

So, if you are still employed and are interested in a
Debt Management Program
now may be a good time to explore one bu calling us at 877-766-2465.

If a debt management program is not viable for you,
even wit a hardship, we have two other debt relief programs
available, which can definitely be of help, and none of them
includes bankruptcy, which you need to avoid if possible.

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Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465