Consumer Credit Counseling
Consumer Credit Counseling is for clients who do not own their homes or wish to use their equity. New Leaf offers two types of consumer credit counseling. A New Leaf specialist can help you chose between the two according to your goals, payment abilities and risk tolerance:
- One monthly fixed payment.
- Total cost to client exceeds original debt.
- Getting new credit is difficult during the program.
- Takes 2-8 years to become debt free.
- Creditor terms are pre-established in advance.
- Credit bureaus cannot lower your numeric score because of enrollment.
- Notations can remain on your credit report for seven years and lenders view this unfavorable.
- Less aggressive; Creditor controls payment levels
- One monthly fixed payment.
- Total program cost is less than the original debt.
- Getting new credit is also difficult during the term of the program.
- New Leaf's program takes less than 3 years and delivers the client debt free.
- Creditors react unpredictably to taking less.
- Credit score is hurt innitially, but this method paves the way to rebuild credit faster.
- By the end of the program, credit blemishes are somewhatcounterbalanced by outstanding debt being reduced to zero.
- More aggressive; Payment levels determined by negotiation.
Consumer Credit Counseling is an option that has been available to consumers for almost 20 years now. Laws changed in 2000 that made settlement more enforceable and attractive to consumers. It's the quickest growing sector of the debt soluion industry because of its speed and cost savings to the client.
At New Leaf Debt, we realize that Consumer Credit Counseling might not be for everyone. That's why we offer alternative debt help and debt relief options such as: Debt Management, Debt Settlement, Debt Negotiation, Bankruptcy, and Credit Card Debt.
