Trinity Credit Counseling

read moreImagine controlling your money instead of having it control you. It may sound difficult, but with our assistance, a time will come when every penny you earn is under your capable control. You can do it and we can help. In our FREE book, we make the point that "It's not what you make, it's how you spend." Regardless of your income, you'll be amazed at what you can achieve by simply planning and meeting a monthly budget. Trinity was a lifesaver! I was worried about hidden fees, shady transactions and a lower credit score but everything was completely above board with Trinity.

read moreTrinity Debt Management is a nonprofit credit counseling agency located in Cincinnati, Ohio. We assist individuals and families nationwide by providing counseling and services that will help them effectively meet the challenges of personal money and debt management. Since 1994, this has been the hallmark of our organization. Working with creditors on the client's behalf, Trinity negotiates significant interest rate reductions and elimination of late fees. Multiple account payments are consolidated into one single manageable, monthly payment with Trinity.

read moreDebt consolidation occurs by taking multiple, high interest, unsecured debts and combining them into one. The advantage of the loan is lower interest rates and the convenience of making one payment rather than many. The term on the larger loan is often longer, which helps lower the monthly payment. Many loan companies offer consolidations as quick-fixes for debt problems. The conflict is that the so-called solution of having one loan, doesn't really address the main issue of how the debt came to be in the first place.

read moreIf you are struggling to pay your bills, getting notices from debt collectors, consistently making late payments, or are simply overcome by your debt situation - you're not alone. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can be overwhelming. A plan to manage debt is a great strategy that helps repay or otherwise handle debt obligations. This plan of action mutually benefits both the debtor and creditor. Plans may involve negotiating better terms or working with creditors to restructure debt repayments.

read moreBankruptcy is a legal process involving someone who's unable to repay outstanding debts in-full. Bankruptcy doesn't include all debt. Spousal and child support commitments aren't eligible, as well as student loans or tax debt. Bankruptcy does allow a fresh start for the consumer while also providing creditors an opportunity to obtain some sort of repayment. There are various types of bankruptcy plans. They are often referred to by chapters in the Bankruptcy Code. Chapter 7 involves asset liquidation, Chapter 13 enables a person to pay all or part of their debts back and Chapter 11 deals with reorganizing a company or individual's debt repayment.

read moreBefore you go car shopping, work with your lender to get preapproved for an auto loan. In addition to helping you secure the best interest rate possible, preapproval gives you leverage at the dealership and peace of mind about your purchase. It's easy to get preapproved for a car loan with credit unions, banks or online lenders before you go to the dealership. Here's why you should and how to get started. Getting preapproved for an auto loan helps you set a realistic budget for your car purchase since you know how much you can borrow and at what interest rate.

read moreThis is when a creditor has agreed to accept as full payment, less than the amount you owe on unsecured debts that are not attached to assets like a home or automobile. Unsecured debts could include medical bills or credit cards- not student loans or mortgages. In order to work with the creditor, you'll need a lump sum of cash to pay the reduced balance in full or you'll be set up on a payment plan. The payment plan entails building up funds over a predetermined period of time. This is done by making payments to a third-party settlement company not the creditor themselves.