Credit and Debt Counseling Services
There are a number of reasons why many of us do not create or live by a budget. If you have difficulty budgeting, Debt Reduction Services’ Certified Credit Counselors offer free, confidential advice for developing budgets, managing money, using credit wisely and building a savings plan.
Together, we will review your current financial situation to determine the best possible solutions to your current financial problems. We will also help you plan for, or avoid altogether, those future unforeseen financial stumbling blocks that can lead to debt and bad credit. If you don’t control your money, then your money will control you!
To contact us for your free, no obligation consultation, visit our Contact page to find a Debt Reduction Services office nearest you.
Not near one of our offices? No problem. You may call us from anywhere in the United States at 866-688-3328 for a convenient telephone consultation from the privacy of your own home or office.
Call us today, and sleep better tonight. What do you have to lose?
DRS also offers assistance through its Debt Management Plans (DMP’s). When appropriate, our Credit Counselors can work with your creditors to design a debt management plan that may offer the following benefits:
- Consolidate Debts Into One Payment
- Reduce Your Total Monthly Payments
- Reduce Your High-Interest Rates
- Eliminate Costly Late and Over-limit Fees
- Stop Frustrating Collection Calls
How does it all work?
You make one consolidated monthly payment to Debt Reduction Services which we process and send to your creditors. Reduced interest rates and other benefits will stay in effect so long as you make your monthly payment on time to DRS. The Result? – Your debts are repaid in a fraction of the time it would have taken you by continuing under your current circumstances.
Finally and Most Importantly
During the debt management program, a highly trained client support team will be assigned to assist you, one on one, to monitor your accounts, and be in frequent contact along the way for the duration of your debt management program. You will never deal with a large impersonal call center, but someone who knows you. We are committed to providing each client with the highest standards of customer service; knowledgeable staff, professional and courteous support, attention to details – this is the DRS difference. Customer Service is one of the most important factors you should consider when deciding on which Credit Counseling service you will work with.
Additional Services We Provide
Having a solid understanding of the options available to you can be difficult and time-consuming as there are several repayment programs to research. Even if you’re not seeking repayment option information there can be some confusion on what your payment options are. We can help you navigate through the best options available, contact one of our Student Loan Counselors for more information. Call (877) 688-3328 or enter your information online through our site.
Our student loan counselors are trained to assist you with information and consulting as it relates to the repayment options you may have available. This is particularly helpful when you are reviewing your choices due to having difficulties repaying your loans.
Some topics you may want to discuss with our Student Loan Counselors include:
- What are the student loan repayment options available to me?
- May I switch to a more affordable repayment program?
- How can I set up payments based on my income?
- What is a grace period?
- Am I able to delay my repayment?
- What does deferment mean?
- What does forbearance mean?
- How is my payment applied?
- How is the interest calculated?
- Does interest accumulate during forbearance?
- Does interest accumulate during deferment and grace periods?
- Is repayment available to military members?
- Can I pay extra to reduce my loan principal?
- If I default on a Federal loan can I restart my repayment plan?
With what may seem like an overwhelming number of repayment options available, we understand that finding the right information and help can be difficult. Our goal is to deliver you a clear path to paying your student loan debt.
The October 17, 2005, enacting of the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005” dramatically changed the former bankruptcy laws. Among the changes are two provisions that require financial counseling and education for consumers. The first is a requirement that, before filing for bankruptcy, consumers receive a briefing on their alternatives to bankruptcy with a U.S. Trustee approved* credit counseling service. The second provision requires that a consumer complete an instructional course concerning personal financial management from a U.S. Trustee approved* agency before receiving a bankruptcy discharge.
On December 21, 2005, Debt Reduction Services received approval from the Executive Office of the U.S. Trustees to begin providing the pre-Bankruptcy Credit Counseling Briefing. On April 13, 2006, we received approval from the same office to begin providing the post-Bankruptcy Personal Financial Management course.
Approved* Pre-Bankruptcy Filing Credit Counseling
Debt Reduction Services offers quality credit counseling by independently certified credit counselors. Having a separate department dedicated to bankruptcy counseling and education means that we can often provide your certificate of completion the same day complete your online portion of the session. Register now and submit your asset, debt and budget information online and you could have your certificate within just hours! Register online or call us toll-free at (877) 685-7843.
Approved* Post-Bankruptcy Filing Personal Financial Management Course
Debt Reduction Services offers an approved* debtor education course online 24/7. This program, which lasts a minimum of two hours, provides information, motivation, and training in various aspects of personal money management, including budgeting, spending behaviors, risk management, credit usage, debt management, and consumer protection and crisis prevention. Those who register for and complete these sessions might receive their required certificates as early as the same day, and they will have ongoing access to these lessons online indefinitely.
*Approved to issue certificates in compliance with the Bankruptcy Code. Approval does not endorse or assure the quality of an Agency’s services. Approved to issue certificates evidencing completion of a personal financial management instructional course in compliance with the Bankruptcy Code. Approval does not endorse or assure the quality of a Provider’s services.
Debt Reduction Services Inc provides no-cost money management education to our communities, clients, and guests in order to assist individuals in becoming free of debt, living debt-free, and planning for a financially stable and secure future.
DRS provides this education to individuals and groups in a variety of settings to achieve these debt reduction goals, including pre-recorded webinars, in-person credit report review sessions, community-based workshops within private and public organizations, companies, and programs, as well as in community schools and by email.
The Debt Reduction Services’ Education Program aims to develop life-long proficiency in five core financial skill sets
- Personal Savings Systems
- Personal and Household Budgeting
- Debt Repayment Strategies
- Effective Spending Behaviors
- Wise Credit Usage
Employer Financial Solutions
Debt Reduction Services will provide the following financial education programs, among other services, to your employees as part of an Employee Association Program, as part of your current employee benefits, or as a standalone program. These programs focus specifically on personal and household budgeting, building and rebuilding credit, paying off consumer debts, developing effective spending behaviors, savings strategies, identity theft prevention and much more:
- Live in-person seminars and workshops
- Webinars available 24/7/365
- Corresponding Workbooks
- Toolboxes (16-20 page booklets with additional topic details)
- Discounted publications purchases (e.g. Everyday Money for Everyday People at $12.00 vs. listed price of $17.95)
- Reduced fees for employees enrolling in our Debt Management Program or using our Bankruptcy Certificate Services
Benefits of Providing Financial Education Services as Presented by Debt Reduction Services to your Employees:
- You get a low-cost, low-resource investment benefit program that your employee will actually want to use.
- Your employees receive free financial education with the potential to establish a greater career and financial satisfaction and develop stronger loyalty to their employer.
- We receive another wonderful opportunity to fulfill our nonprofit charter to provide effective financial education.