The Importance of filing your Tax Return or Tax Extension on Time
April 15th is right around the corner. You must either file your tax return or file your extension. In this last video of our 4 part series on taxes, find out what happens if you file your taxes late. There are real consequences when filing late, so get those tax documents in the mail today! Most importantly remember filing an extension is only an extension to file NOT an extension to pay.
Owing Money To The IRS
Do you owe money to the IRS this tax season? Watch and follow these helpful tips to avoid penalties and fees in this 3rd video of this 4 part series. It's important to file your taxes or extension on time when you owe the IRS money.
What to do with your tax refund
So you are getting a tax refund this year? In the second of 4 series of tax tips videos, we go over what you should do with your refund. Avoid the impulse to buy that new big screen TV or other shiny object. Your best bet is to save that money for a rainy day.
Most Common Tax Filing Errors
Tax season is here and it's time to prepare. In the first of 4 series of tax tips videos, we go over the most common filing errors and how to avoid them. If you want every penny you are owed, watch this series before filing your Federal tax return.
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Debt Consolidation: We Help Find Your Best Solution
If you’re drowning in debt, quick fixes can seem pretty tempting. But when it comes to debt relief, some "cures" can be worse than the "disease." If you want to enjoy the benefits of debt consolidation (and minimize the drawbacks), it’s a good idea to get help from professionals who are trained to develop the best debt help solutions to your problems – not somebody else's.
You see, debt solutions are not one-size-fits-all. That’s why the certified counselors at Debt Consolidation Connection take time to discuss with you and examine your individual goals and needs before suggesting the best ways to get out of debt – and stay out of debt.
And we don’t just help you get out of debt. We also provide you with the education, advice and tools to help you achieve your most important financial goals for the future.
Give us a call at 877-209-2225 for a free consultation. You have nothing to lose but your debts!
Is Debt Consolidation a Good Thing?
Debt Consolidation describes a variety of financial solutions offered through approved non-profit agencies such as Debt Consolidation Connection. Benefits may include lower interest rates, lower overall monthly payments, and no late fees and other penalties. Some options even let you pay back less than what you owe.
Of course, every debt relief plan has drawbacks, as well as benefits. The list below summarizes how the most popular debt help programs work, so you can get an idea of which one might be right for you.
Different Ways to Pay Off Your Debt
Credit Card Counseling. If you earn enough, and you’re current with your credit card accounts, proper budgeting assistance may be all you need to get back on track. (One option is calling your credit card companies to see if they will lower their interest rates.) But, if you’re already overwhelmed with debt, it’s probably time to contact a professional service that offers credit counseling. This organization can offer you advice and education, debt management programs and other resources to help you "dig out from under" as quickly and painlessly as possible.
Debt Management. With a debt management plan (DMP), you deposit a single monthly sum into an account, and the account administrator uses this to pay off your debts on a regular schedule negotiated with your creditors. Your interest rate is reduced, you no longer have to juggle bills, and you don’t have to worry about making minimum payments. However, you still have to make regular payments, and these can take four years (or more) to complete.
Debt Consolidation Plan. This is basically the same as a DMP, but it might also involve taking out a debt consolidation loan to help meet your monthly obligations.
Consolidation Loan. This is a personal loan that your debt consolidation service can negotiate with a bank, so you’ll get better terms than probably would yourself. The benefit is that the bank immediately pays back all your creditors, leaving you with just one affordable monthly payment. The bad news is that a poor credit score may keep you from qualifying for this kind of loan.
Debt Settlement. Under a debt settlement program, the debt settlement company negotiates with creditors (or collection agencies) to settle your debts for less than what you owe. In some cases, they can reduce your total debt as much as 60%. In exchange, the debt settlement company charges you a percentage of the “forgiven debt.” Unfortunately, debt settlement may cause your credit score to drop, and you will have to pay taxes on the “forgiven” portion of your debt.
Christian Debt Consolidation. This is similar to other debt consolidation plans, except that a Christian program ensures that you repay your debts (and meet other financial obligations) according to Christian values and guidelines. The most important of these values is that Christians should honor all their bills and debts.
Self-Repayment Plans. The benefit of this approach is avoiding the fees charged by professionals. The drawback is that you may lack the resources and tools to successfully pay off debts on time. To launch a self-repayment plan, determine how much money you earn versus how much you spend each month. Subtract any “fixed” costs – like housing, utilities, food, insurance, etc. – from your earnings, and then reduce the amount you spend on non-essential things such as restaurants, movies, vacations, and so on. Then, use the money you used to spend on non-essentials to pay off your creditors faster.
It's Time to Take Back Financial Freedom!
If your debt has become unmanageable, it’s time to take back your financial freedom.
Our trained and certified professionals will develop a debt management plan to help you get back on your feet. We'll contact creditors to try to reduce interest rates, extend payments over longer periods, waive penalties and other fees, and stop harassing letters and phone calls.
Just Fill out the short form above, or call us toll-free call at 877-209-2225. One of our certified professionals will contact you ASAP to start discussing the right solutions to your financial problems.
Why wait to get started? Your consultation is free!
DCC offers consumers free ongoing credit counseling services* and educational materials regardless of whether or not consumers enroll in the DCC debt management plan program. DCC also offers free educational seminars to the public. Please contact us for details at 1-877-209-2225.
*Fees may be charged for the debt management plan program. Terms, conditions, and eligibility requirements apply for debt management plans.