Start on the Road to a Debt Free Life

Free Credit Counseling and Budgeting Education

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!

Contact us today for your free credit counseling session.

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.

Debt Consolidation and Debt Management Plans

Student Loan Debt Counseling

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.

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?

Bankruptcy Counseling & Certificate Services

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 (bankruptcy credit counseling). 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 hours.

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.