CareOneSM Services
By providing people with the opportunity to go on a debt management program, then supplying them with access to information and educational materials, the agencies who offer CareOneSM services can help people get out of debt much faster than they could otherwise - and learn how to live a debt-free life.
Get online debt relief now! If you've fallen behind on your bills or credit cards, CareOne debt management is here to help.
Consolidate debt payments
Lower your monthly payments
Reduce interest rates
Waive late fees
Eliminate collection calls.
Can't pay the bills anymore? Get 100% online debt relief.
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CareOne Credit CounselingSM is an industry-leading Debt Management Program brand. To help people become, and continue to live debt-free, the CCAs who use the CareOneSM service are required to be customer-focused, honest, and committed to providing all of the information, support and guidance the client needs. CCAs who use the CareOneSM service:
· Meet stringent standards for the highest level of customer care
· Offer 24-hour access to account information, 7 days a week
· Offer the option to pay electronically
· Provide monthly statements
· Provide ongoing support and counseling
· Are committed to respecting the privacy of their clients
Debt consolidation can save thousands of Dollars.
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Enroll with a credit counseling agency offering the CareOne service and you'll get help in at least 5 important areas. 1) Help you pay less. The credit counseling agencies that provide CareOne services negotiate with your creditors for better repayment terms, including lower interest rates and waived late fees. 2) Help to pay off your debt faster. By creating a realistic and manageable payment plan, you'll be able to pay off your debt in as few as 3 to 5 years (as compared to potentially 20 to 30 years on your own). 3) Help make it easier to pay every month. By consolidating all your credit card and other unsecured debt payments into one, you won't have to juggle multiple payments. 4) Help you learn to avoid future financial trouble. Once you start to pay down your debt, you'll feel a real change in the way you look at and use money. You'll also learn tips, tricks and techniques to help you better manage all of your finances. Information and education are big parts of the service you'll receive. 5) Help you get the service you deserve. Perhaps most important of all is the fact that you will always be treated with respect, care and compassion. When you get treated well - you feel well.
It's hard to believe you're not alone when you feel overwhelmed by debt. But the truth is consumer debt touches most all American families in some way. Take a look at the figures below.
In the last decade, the average US household consumer debt (non-mortgage) has increased from approximately $8,500 to $14,500. (Federal Reserve Statistical Releases and U.S. Census Bureau) Credit card debt now averages $8,562 per household. According to the Federal Reserve, outstanding non-secured consumer debt rose from $355 billion in 1980 to $1.2 trillion in 1996 to $1.65 trillion in 2001. The average American family is paying about $1,100 a year in interest on credit cards. Interest rates on bank credit cards have widened as a result of the eleven rate cuts by the Feds in 2001. Card rates, after the introductory periods, now range from 4.75% to 35.00%, the widest spread ever. The number of consumers who are enrolled in debt management programs has increased from approximately 400,000 consumers in 1995 to over 1,000,000 in 2001. (Industry sources) There were more than 1.5 million personal bankruptcies filed in 2001. (American Bankruptcy Institute) A Chapter 7 bankruptcy may stay on your credit report for as long as 10 years. (Equifax, Experian, Trans Union) A Chapter 13 bankruptcy generally stays on your credit report for 7 years. (Equifax, Experian, Trans Union) Note: During this 7-year period, a bankruptcy in your credit history will likely either eliminate your ability to get credit or make the credit you can get very expensive in terms of fees and interest rates.
According to an analysis by Sallie Mae, which provides federal and private education loans for undergraduate and graduate students and families, 13% of college students owe between $3,000 and $7,000 on their credit cards. Eighty-three percent of undergraduate college students have credit cards, a 24% increase since 1998. The percentage of college students with four or more credit cards nearly doubled in three years to 47% in 2001. On average most new college graduates have about $17,000 in federally guaranteed education loans. Around 41% of graduating college seniors also carry an average credit-card balance of more than $3,000. (State Public Interest Research Groups' (PIRGs) Higher Education Project.) Adjusted for inflation, the Census Bureau reported that the median household income fell 2.2 percent in 2001 to $42,228. It was the first decline since 1991. Among the 60% of American cardholders who do not pay off their credit card balance each month, nearly half made just the minimum payment. This means that about one out of four cardholders in the USA now make minimum payments. (Cardweb.com). Credit card fees paid by consumers jumped 10 percent in 2001 to $13.6 billion and represent the fastest-growing source of revenue for bank-card issuers, according to Credit Card Management, a trade publication. Late-payment revenues, which have risen from $1.7 billion in 1996 to $7.3 billion, are the third-biggest revenue source for credit card companies, behind interest income and fees paid by merchants who accept credit card payments. Credit card late fees average nearly $29, up 128 percent from 1995, when the average penalty was $12.64, according to CardWeb. Many credit card companies charge as much as $35 for a late payment. And the larger your balance, the higher your late fee. According to an informal CardWeb poll, six in 10 credit card holders say they've been hit with a late fee over the past year. At the end of 2001, 40 percent of credit card holders were paying off their debt each month, compared to 29 percent 11 years earlier. Credit card issuers mailed a record 5 billion card offers in 2001, according to the research firm BAIGlobal. That's a 42 percent increase from 3.5 billion card offers sent in 2000, which at that time was a record. The average American household holds 14.27 credit cards.
Credit Card Debt out of control? Lower your payments by up to 57% today.
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