What is Debt Management

CredAbility is a national debt management and credit counseling company that can help you break the cycle of debt and reclaim your financial future. No matter how much money you earn or how large your debt has become, CredAbility can help. If you have been overwhelmed by unpaid credit card bills or medical debt, you have probably seen advertisements from companies that promise to erase all your outstanding balances with minimum commitment. Unfortunately, most of these ads are misleading and prey upon vulnerable consumers desperate to find a solution.

Through our Debt Management Plans, (DMP), you could minimize interest rates and payments to creditors, pay down your debt, eliminate fees and put an end to collection calls.

Getting started on your DMP is easy and can be completed in 4 easy steps.

Step 1 –	Provide the basic personal information necessary for DMP enrollment
Step 2 –	Review your creditors and the benefits of your DMP
Step 3 –	Review your current financial situation
Step 4 –	Finally, we will take a look at your monthly cash flow

The total process will only take a few minutes. If you have any questions, a Certified Credit Counselor is available to assist you as you go through the process.

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Reputable Credit Counseling

Reputable debt management companies have nothing to hide. Most nonprofit debt management companies are government subsidized and voluntarily follow strict industry standards set forth by third party organizations. To maintain their licensing and accreditation, these companies must put their agreements in writing. Reputable debt management companies use clear, everyday language and allow potential clients to take as much time as needed to review the agreement and ask questions. If an agency tries to lock you into a verbal agreement, you should seek assistance elsewhere.

Many creditors offer favorable repayment terms to consumers who enroll in a DMP, including interest rates ranging from 6% to 10% on their credit card debt. These creditors may also eliminate late fees and penalties once a consumer enrolls in a DMP with a nonprofit credit counseling organization.

At CredAbility, certified counselors help consumers determine whether they can tackle their financial challenges through budgeting and reduced spending, or if the structure of a debt management plan will be more effective.

What is a Debt Management Plan?
For a small monthly fee, consumers make a single payment to an agency like CredAbility, which acts as a trustee in distributing the funds to creditors. CredAbility works with both clients and creditors to design a debt repayment program that minimizes monthly payments, interest and related fees, providing a manageable tailored plan for the client. This enables the client to repay their entire debt obligation at more favorable terms, and on a plan that is within their ability to pay.

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Personal Debt Management

Building Your Credit with Good Personal Debt Management

Itseems like as soon as you land your first job, you start getting bombarded withcredit card and financing offers in the mail. While the word “debt” is usuallyperceived as a negative term, some debt is actually good. If controlledproperly, debt can help you build your credit score so you can finance largepurchases like a car or new home. The key to good personal debt management is understanding how good forms of debtcan be used to boost your credit.

Credit cards

It’seasy for credit card balances to spiral out of control, so it’s important touse this form of credit as wisely and sparingly as possible. You should treatcredit cards as a personal debtmanagement tool to increase your credit score. Having some amount of creditavailable to you can raise your credit score, but maintaining too large of abalance on your cards can lower it just as quickly. According to financialexperts, credit cards enhance your scores when you use between 10 to 20 percentof your credit limit – and no more. A large credit card balance can take yearsto pay down. Avoid large purchases and resist the temptation to take advantageof credit card offers with high interest rates. Otherwise, you will likely endup paying far more for purchased items than if you had simply saved up and paidcash.

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Pay Credit Card Debt

But how do you pay credit card debt? As a start, the professional counselors of Credability will give you free advice to help you out. They will discuss to you a clearer review of budget planning to get hold of your debt. Not only that, this will also teach you to start saving. In the process of your budget planning session, we will help you come up with the best way to evaluate your financial status. Following that, we will provide to you a personalized plan for you to pay credit card debt. This way, you will have a brand new start to prepare for a more secured future.

Credit card debt is truly a dilemma, especially when you are unable to pay on time. But despite your economical crisis, we at Credabilty understand your situation and we are here to help you out. Together, we will come up with proper budget and financial planning, your credit card debt will surely be resolved.

Some people have the notion that we are working for some credit card companies and we are grabbing that opportunity just to get your money. We’ll, we like to clarify that they are very wrong. Credability has been in the service of helping people like you for more than 40 years. We have already built trust with our clients.

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Non Profit Credit Card Counseling

Many people today have credit card bills rising up because they fail to manage their bills and make the necessary repayments on time. Our professionals are quite aware of such situations and have an in-depth understanding of what criticalities such a situation may cause to an individual and his or her family. We have acquired deep knowledge over several years about debt consolidating methods and, therefore, can guide you into choosing the best credit card consolidation option.

If you are looking for the best credit card consolidation option to merge all of your bills to avoid all such debt-related issues, we are here to help you. Contact our experts via phone, or open live chat for an instant discussion. You may fill in the simple form with a few pieces of necessary information, and we will contact you as soon as possible. On the other hand, click the “Get Started” button and let us find a solution with the data you provide. Our experts are readily available to provide professional guidance on the best credit card consolidation methods today – remember, all absolutely free of cost!

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Military Debt Management Agency

To enroll in this class,you will need to provide your case number. So if you aren’t discharged fromyour case yet, you can not enroll to our military debt management agency. 
Depending on your area,you can take the military debt management agency online, by telephone,or in person. 

You can take your military debt management agency right here on Credability anytime you want. We are availble24/7 Just click on the “Start an online session” button above. The telephoneclasses are scheduled during Tuesday and Friday from 10am to 12pm. You canregister by calling us at 866-672-2227. To inquire for the in-person class inyour area, you can call at 866-672-2227 for locations and schedules.

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How to File Bankruptcy

Get started with on how to file bankruptcy.

We know that filing bankruptcy is never an easy decision. And often the hardest decision is the first one: deciding to get help. You are on your way to getting the help you need with CredAbility when you start an online session with us about how to file bankruptcy. We are here to listen, answer your questions and provide the information you need to get you through this as pain-free as possible. We strongly urge you to visit with an attorney to discuss the benefits, costs and consequences of filing for personal bankruptcy and to help you with the process of learning how to file bankruptcy. And if you are not sure what you need, contact us—we will help you on the right path.

This counseling and the subsequent certificate can be received by telephone and online — in both English and Spanish. CredAbility’s counselors are available nationwide, 24/7. We've been helping people for over 40 years and we're ready to help you, right now.

How To File Bankruptcy?

To begin learning how to file bankruptcy, call 800.251.2227 and talk to an advisor, click chat to begin a chat session or click on the green "Start an online session" button above.

How to Prepare for your Counseling Session

We strongly recommend that you watch this video to understand what documents you will need to have available, and how to get the most value from your counseling session.

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