Housing and Credit Counseling, Inc is a multinational organization. It is known worldwide as HCCI. The primary goal of this organization is to help and guide people about their financial and personal matters. This organization is famous internationally for their civil services and their efforts for the promotion of financial education and other personal issues regarding education of children and housing-related affairs among general public.

What Is Housing And Credit Counseling, Inc

Housing and credit counseling, Inc is a multinational non-profit organization which started as a grass-root local organization in 1972. It gradually grown up as a multinational organization and started to dominate worldwide. This organization opened three offices in Northeastern Kansas – Topeka, Lawrence, Manhattan.

Goals Of Housing And Credit Counseling, Inc

Housing And Credit Counseling is serving people with devotion and its primary goals are to spread general awareness regarding financial and credit related affairs, personal and housing affairs,

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Novadebt, is a non profit social service agency. They provide consumer credit counseling as well as free house finance counseling. Novadebt provides education to common man regarding their financial needs and limitation for free of cost. Novadebt starts providing services in 1991 at New Jersey. Since than they are conducting education programs of different types such as workshops, courses and tutorial material on issues like Debt Management Plan, Housing counseling services, default and reverse mortgage. The Novadebt is also a member of the Association of Independent Consumer Credit Counseling Agencies (AICCCA

Bieng a non-profit organization Novadebt is ready to assist the people in solving their financial problems as well as provide them free education on the said subject. This has been done with extreme professionalism and without compromising quality. Novadebt helps people in educating them about financial freedom. In order to achieve their goal they have provide a number of financial services mentioned below:

Counseling

The certified counselors of Novadebt always analyze cases deeply and by thorough review they will be able to find the best solution as per needs of the clients. As the financial needs and requirements are different from one person to another, therefore it is necessary to analyze each case  as per its merits.

Housing Counseling                                           

The company is approved as Housing Counseling Agency by US department of Housing. Novadebt is providing almost all kind of housing counseling e.g. pre purchase advise, default situation and mortgage counseling.

Bankruptcy Counseling

Novadebt is an approved agency to issue certificates for completing any kind of counseling or a personal financial management course. Read the full story

National Financial Assistance Center offers few programs about how to clear your debt. Those programs can help everybody in debt. Whether you are in severe need, or just wish for a way to pay off your credit cards debt as soon as possible, they have a plan as per your needs. The key point in their programs is that they designed the solution as per a person’s situation and needs. It means the solution is designed specifically for an individual as per his financial problems.

The procedure at National Financial Assistance Center is their certified debt mediators negotiate with your creditors in order to reach an agreement to resolve your unsecured debt as much as you can pay easily. The professional staff of National Financial Assistance Center will consider your income and monthly needs to establish how much amount you can easily pay each month to clear your debt.

The payments from your side will go into your own third-party trust account. When your account balance is enough for clearing your debt with one of your creditors, National Financial Assistance Center will inform that creditor and talk with that creditor to reach a settlement agreement about clearance of your debt. When you and your creditor agree on the amount which will be paid from your trust accounted to that creditor.

Affiliations

National Financial Assistance Center is affiliated with following companies:-Association of Independent Consumer Credit Counseling Agencies (AICCCA), Better Business Bureau (BBB), Council on Accreditation (COA), HUD Certified National Intermediary, International Association of Professional Debt Arbitrators, National Foundation for Credit Counseling (NFCC), The Association of Settlement Companies (TASC), U.S. Trustee/Department of Justice Approved.

Objective of the Company

The goal of National Financial Assistance Center is try to free oneself from debt. There are many ways of get rid of your debt and credit counseling services is one of them. Read the full story

So by now we all are aware with what is debt consolidation… If not than in short it’s a big dollop of whipping cream on your ice cream. Now you must be wondering that it must be something heavenly sweet. Well you can say it is for those who are battling the devil’s advocate against endless piling of debts. Its basically an adoption of one big loan which covers your many other debts from various creditors. It consolidates into one and your left paying off one loan’s repayments and one interest rate. So for those screaming hellishly under the layered debts that they have laid for themselves is a path to redemption and ease.

However, one should also be aware that many people can get debt consolidation wrong too. You need to know your procedures and directions well when applying for debt consolidation loan. You wouldn’t want to run into more problems at this point when you have to surface the debts and find a solution. So following are some moves which even in your nightmare should not be attempted while equipped with a consolidated loan.

Hard-money loan

For many it may seem an easy road to debt free life. But the catch here is a hard one to hit. Usually people are attack by consolidators who have missed a couple of their payments and have ended on the wrong side of the creditors’ favorability. Some people don’t have the heart to handle the harassments and feebly give up to the consolidators. What one should keep in mind is that though consolidation loans gather up all your debts and compile them into one. At times this can turn out to be costly for some.

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So far we have talked about worst debt consolidation moves. I think it is time for us to talk about better ways to do debt consolidation. If you have a house and hold some equity in it, you get a few choices that are comparatively low in price. These are much straightforward:

1.  Take out a home equity loan.

A home equity loan is move favorable by holding a reasonably low rate of interest, presently in the high single digits, and what interest you do pay off is tax-deductible, Kays tells. Majority of fixed-rate loans hold a 15-year duration period and demand that borrowers give an origination fee of 75USD to many hundred bucks, moreover the cost of an estimation as well title insurance.

2.  Do a “cash-out” refinancing.

Other choice for people with home equity is to refinance their property for greater than the amount they owe and utilizing the spare money to pay off debt. You obtain very low rates of interest by this method, but you are stretching payments out across 15 or 30 yrs. The total interest cost across 3 decades can end up being really huge, so plan of this as once-only (if ever) pick.

3.  Refinance Your Car.

Many people do not look upon it, but it’s a secure loan and you’ll be able to borrow against it,” Kays tells. The only risk is that you might run out of your car earlier than you run out of your debt. It is hard to get a new car if owing more than its price.

4.  Get a personal loan.

If you’ve fairly undamaged credit, you might get an unsecured loan. Credit unions normally promise lower rates than banks, but still there you could get a rate of 11% or more. Still, that is a good deal less than the 20% or more you are presently paying off to your credit-card company.

5.  Negotiate better terms.

You can do this for on your own; it’s simple. Make a call to your credit-card company and ask them to do it. Many customer service persons are empowered to cut down rates just there on the phone.

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The best things in life may be free, but these days the important things certainly are not. We have taken on the role of consumers so well, that we don’t even realize that so much stuff that we are being made to pay for should be totally free. And the good news is: lots of it is. What’s lacking is awareness. And that’s exactly what I’ve brought for you here. Here is a list of 20 things that you can get totally free, without even compromising on quality.

1. Your Credit Report

All those ads online offering free credit reports are a scam, we learnt that ages ago. But what’s not is a scam is http://annualcreditreport.com. Don’t be fooled by what ever other websites are telling you. At annualcreditreport.com, you can get 1 free report from each of the 3 credit reporting agencies every 12 months.

2. Credit Card

Give me one good reason why anyone should pay the credit card companies an annual fee? First they make money by charging you interest, and then you have to pay annual fees as well. Don’t pay for a credit card annual feel. American Express has no fee cards, and many other financial institutions offer the same. Don’t pay any more credit card annual fees.

3. Banking Services

Just say NO to paying bank fees. Sign up for their free account. Switch banks if you have to, just don’t pay any fees for banking. Banks are already earning interest by holding your money, so why should you pay them more? Do your best to never pay for checks again too. Pay your bills using free bill pay services or online using your debit or credit cards. When and if you do run out of checks, have a nice friendly meeting with your local bank branch manager and ask about getting a free refill.

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Credit cards are a double edge sword. They can help make your life a financial heaven and hell depending upon how you use them. Following are some tips on using your credit cards wisely. The benefits of using your credit card wisely include but not limited to cash back, bonus points, airline miles and at best a great credit score. On the other hand if you decide to use them in an unwise fashion, you might end up in a mountain of debt.

Rule No. 1 is to pay off all you balance every month. You will have to pay interest on your spending if you don’t do that and that interest rate is very tricky. It takes a lot of discipline to pay back balances on time. According to a recent report by Federal Reserve, Almost 40% of all house holds in America carry a substantial amount of credit card debt.

Protect Your Credit Score

Make all your payments before the date they are due. Late fees can pile up quickly as they are around $20 – $50. If you miss more than two payments that will automatically increase your interest rate to “Default Rate” (around 24% to 30%) . Late and missed payments also lower your overall credit ratings. That can trigger interest rates on other loans to go up as well as getting soft loans in future impossible.

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