Consumer Credit Counseling Services

A reliable and efficient debt consolidation program may help you in taking the right step towards becoming debt-free.

If you feel you are overwhelmed with credit card debt, tired of harassing phone calls or just like the convenience of one monthly payment, a credit counseling program may help you.

A credit card debt reduction and debt management program can help you financially by offering you a choice of solutions, custom tailored to fit your financial needs.

A credit counselor will speak to your creditors and negotiate to: 

  • Stop any harassing creditor phone calls.

  • Reduce your monthly payments.

  • Consolidate all of your unsecured credit card debt into one simple monthly payment.  You may even be able to choose what day of the month it is due.

  • Reduce the number of years to pay off your debt dramatically.

Consumer Credit Counseling Specialists

Fill out the contact information below and a Credit Counselor will call you at your convenience

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* Credit card debt, unsecured loans, IRS debt, utility bill debt, and student loans. Do not include auto loans or mortgages. Describe your credit situation:

 

 

Financial Articles Related To South Dakota

 

Help for homeowners facing foreclosure South Dakota

As interest rates are moving up, real estate market is slowing its pace and home owners started to panic as they are unable to meet the mortgage payments. As the interest rate are scheduled to reset in 2011, which means that until then the housing market recovery is unlikely. High interest rates mean higher payment for millions of home owners. It is hard to say how many more foreclosures are not known but it has been reported by the mortgage bankers association that tracks the delinquencies expects modest growth this year end.

Therefore, if you are in a danger of falling behind of the mortgage payments or if already delinquent on you mortgage, it is important for you to understand the available options available to you for stopping foreclosure.

To help the home owners facing foreclosure, federal government announced a plan through which borrowers are offered a prolonged loan terms or decrease interest rates in order to make the mortgage payments more affordable for the home owners. However this plan is announced for home owners who are at the edge of foreclosure risk. This plan was launched by mortgage market giants such as Freddie Mac and Fannie Mae guaranteed loans which constitute to 20 percent of the US delinquent housing loans.

The federal Housing Finance Agency, which overtook the Freddie and Fannie, announced a new plan to avoid foreclosure which came into effect from Dec 15. In order to qualify for this plan the borrower must be behind on his mortgage for at least 3 month and that owes 90 percent or more than the worth of the home.

Before you fall delinquent on the mortgage, the first step your legal attorney must do is negotiate for sort of settlement with lender. If you are not qualified, you lender might not probably want to foreclose but finds no other way to protect his interest. Loan modification can be a best option when trying to stop foreclosure. Lender will not modify the loan if you are having surplus loan above the home worth or they do not accept loan modification.

If loan modification does not works out then refinancing could be other option through which you can stop foreclosure. Depending on the equity of home, you can manage to refinance your old mortgage with new one. If you are successful on refinancing old mortgage then probably you can get new loan with cheaper interest rates which lead to lower monthly payments. While making the refinancing option works for you makes sure that in agreement, prepayment penalty is not high.

Hard money is the other option to stop foreclosure. If you have enough equity in the property then consider obtaining hard money to restore the mortgage.

Mortgage insurer may find helpful for the home owners who fallen behind the mortgage payments. They help the home owners by negotiating with lenders loan mitigation department, which was found difficult by the borrower to answer the phone call and letters that could be easily handled by the mortgage insurer loss mitigation department.

 
Available in the following South Dakota Cities:

( For cities available in other States click here )
Aberdeen
Brookings
Keystone
Mitchell 		Rapid City
Sioux Falls
Sturgis
Vermillion

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South Dakota Economy- Few of the other states that depend heavily on farming as does South Dakota, but today service industries add the most of South Dakota economy. South Dakota economic recovery will depend on small business. The most recent data shows that the state has 21,233 small employers and they employ 96.8% of the state workforce. The unemployment rate in South Dakota remains below the national average. The leading economic indicator, based on a survey of supply managers declined to 42.1 for March 2009 from 45.7 for Feb.2009. However between November 2008 and Feb. 2009 South Dakota lost approximately 3400 jobs.