Debt Management

NEARLY EVERY red-blooded American is walking around with at least some debt. After all, most of us have mortgages. Many of us have auto loans. Parents and students go into debt all the time to foot college bills via student loans. And let's not forget credit cards at 21% interest rates or higher.

The question is: Do you have too much? If the answer is yes, take the first step by contacting McCormick Consulting Group (MCG). One of our Financial Consultants will speak to you in person, or over the phone to assess your current financial situation. We will discuss your goals, answer any questions you may have and devise a strategy that will help you get back on track and reach your financial goals.

Companies like Consumer Credit Counseling Service (CCC) and non-profit agencies can help you get better interest rates and lower payments, but at a price. When you use one of these companies and then try to get a car loan or a mortgage, you will be treated the same as if you had filed Chapter 13 bankruptcy. Some of these firms require that you send your money to the agency and they will pay your bills for you.

However, your credit report may reflect that you are going through CCC to help you pay your bills. Mortgage companies and banks will assume that you cannot pay your bills yourself and may reject your application. Mortgage underwriting guidelines for traditional mortgages will consider you to credit trashed, so don't do it!

Real debt help is found only in getting the financial advice you need to begin changing your behavior.

Before you are able to invest for your future, you must pay off your past. With MCG, becoming debt free is attainable.

Let 2012 be the year that you begin to improve your finances. Contact us today for a free, no - obligation consultation!