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Debt Counseling
What Form of Debt Assistance is Best for You?
Determining which Debt Assistance option is best for you will be a key factor in your success. For your convenience, this page briefly explains each form of Debt Assistance in order to help you make the difficult decisions ahead. Remember, before you do anything, talk to the experts at Trinity.
An Objective Analysis
No matter what type of debt problems you may be facing, the Trinity team can provide you with an objective analysis of your situation and make a recommendation for the appropriate form of Debt Assistance.
Primary Forms of Debt Assistance
Additional Forms of Debt Assistance
Debt Management Program
One of the primary forms of Debt Assistance is a Debt Management Program. If you qualify as a member of our Debt Management Program, Trinity will make arrangements to pay back your creditors in full. Here's how it works:
Your bills will be combined into one, manageable monthly payment.
Interest will be lowered by as much as sixty percent.
Late and over-limit fees and collections calls will be eliminated.
With consistent, on-time payments to Trinity, our Debt Management Program will help bring your account to "current" status and start improving your credit rating.
After only 12 months of Debt Management Program membership, you will be eligible for referral to a mortgage representative who will help you refinance your current home or even purchase your first home.
In just three to five years, you'll pay off your bills, save thousands in interest, establish a positive payment record, improve your credit score by as much as 200 points and become debt free for keeps.
Budgeting
There's no underestimating the importance of formulating a budget. It's a simple process that helps you develop the self-discipline you'll need to manage your money and keep needs, wants and desires in their proper relationship. A spending plan also forces you and your family to develop more healthful attitudes about earning, saving and living within your means. To learn more about establishing a budget download a free copy of Money Management Made Easy.
Debt Consolidation
Debt Consolidation enables you to combine numerous loan balances into one in order to secure a lower interest rate, a fixed interest rate, or for the convenience of servicing only one loan.
CAUTION: Using the proceeds of a new loan to pay off one or more existing loans is a strategy used by people who have trouble meeting existing obligations. Debt Consolidation will not improve poor spending habits. While many of these loans are offered at a lower interest rate, the repayment period likely will be longer and your home (your most valuable asset) will be risked as collateral. Before you resort to this strategy, talk to the experts at Trinity. Let us help you consider all of the alternatives.
Bankruptcy
If all other Debt Assistance options have been exhausted, Bankruptcy becomes your last resort. But beware of this warning: Bankruptcy remains on your credit report for seven to ten years. This has the worst possible affect on your credit rating. Do not file for bankruptcy without talking to Trinity first. We can help you make this difficult decision and then refer you to a reputable attorney.
Student Loan Relief
It's hard to get ahead after college when you're burdened by debt. If you're still trying to dig out from under your student loans and credit card debt, Trinity can help. Whether you're in default on your loans or in need of consolidation, we can assist you. We can also put you in touch with a company that specializes in refinancing student loans.
Tax Relief
Paying down debt is even more difficult when you owe money to the government. If you owe more than $10,000 in back taxes, Trinity can refer you to a tax relief specialist who works directly with federal and state tax departments. Services include: offers in compromise, development of installment payment plans, and assistance in filing of delinquent tax returns, innocent spouse relief, and levy, lien and wage garnishment releases.
Business Debt Relief
We can help you seek assistance for your business debt as well. If you are a business owner with at least four creditors and total debt exceeding $10,000, you may need help from a commercial credit counseling service. Ask the experts at Trinity for more information.
Credit Report Analysis
Did you know that determining factors such as payment records, outstanding debt, length of credit history, recent applications and types of credit all have an impact on your Credit Score? Your Credit Score is an important aspect of your Credit Report and will determine your eligibility for a loan. Should any of the information contained in your report be incorrect, securing a loan can be difficult. You may have tried to correct mistakes on your own without success, or you may have questions about the accuracy of the contents of your credit file. If so, talk to the experts at Trinity. We can help you to better understand the process and recommend a reliable resource for assistance with updating and/or revising misinformation on your Credit Report.
We Should Talk
As you face the difficult challenge of paying down excessive debt, you will be making many important decisions. Before you determine which approach is best for you, talk to Trinity first. The Trinity team can assist you during this difficult time. We're ready to do a complete analysis of your financial situation and formulate a strategy that best suits your needs. Remember, the choice you make today will affect your credit rating now and in the future. If your debt has you down, we should talk. Call (800) 758-3844 or complete our online application. We can help you become debt free for keeps.
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