New Debt Management Plans From Creditors
The National Foundation for Credit Counseling (NFCC) and Association of Independent Consumer Credit Counseling Agencies (AICCCA) teamed up to help consumers find better debt repayment terms from credit card companies.
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The National Foundation for Credit Counseling (NFCC) and Association of Independent Consumer Credit Counseling Agencies (AICCCA) teamed up to help consumers find better debt repayment terms from credit card companies. And report success.
The groups targeted the top ten creditors, seeking improvement on thestandard and hardship debt management plans (DMPs). The new plans are designed to allow consumers to maintaina reasonable monthly budget, start an emergency savings, set affordable fixed monthly payments, and be out ofdebt within 60 months. Of course, some of these factors such as saving and following a budget are up to the consumer.
Participating creditors include:
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American Express
Bank of America
Capital One
Chase Card Services
Citi
Discover Financial Services
GE Money
HSBC Card Services
U.S. Bank
Wells Fargo Card Services
If you have a troubled account with one of these banks, call and ask about the new repayment plans. If you need more help, reach out to the NFCC.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
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