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Do you have questions about the Trinity Debt Management Program?
Trinity Debt Management Services
Do you have questions about the Trinity Debt Management Program? The Frequently Asked Questions (FAQ) below can help address many of the common questions we get from new clients.
The longer you wait to get help with your credit, the more serious your credit problems become. So don’t hesitate. Let us help you resolve your credit problems, quickly and confidentially. You’ll be glad you did. After all, what you really need is to be free of the burden of credit card debt and high interest loans. Remember, a trained Trinity Counselor is available to provide the expert assistance you need. We look forward to helping you become debt free — for keeps!
Actually, most people really do want to pay off their debt. So we’ve made a commitment to do our best to help free people from a lifetime of financial burden. People like you. Together, we will work with you and your creditors to reduce, even eliminate credit card interest and late fees. It’s a fast and effective form of debt management that brings you and your family relief from the burden of credit card debt. Your participation in our debt management program will restore hope, while teaching you to be a wiser steward of your financial resources. In the end, you’ll get the credit help that you need to get back on track financially.
In most cases, enrollment in our Debt Management Program will have a positive affect on your credit rating and/or credit score. With only three to four months of consistent, on-time payments to Trinity, our Debt Management Program will help bring your account to “current” status and start improving your credit rating. Following just 12 months with a positive payment record, you’ll see dramatic increases in your credit score and you may even qualify for a loan to purchase your first home. Remember, there are three separate agencies reporting on your credit history, and mistakes occur frequently. It’s important to review your credit profiles at least once per year to make sure there are no errors. Information from all three reporting agencies can be obtained at www.annualcreditreport.com.
In short, don’t consolidate your credit card debts. Debt consolidation loans are always very costly in the long run. Plus, lenders may require that you borrow against your car or home, which puts your most valuable personal assets at risk. In contrast, the Trinity DMP ensures that you pay less credit card interest, get out of debt faster, and never put your personal assets at risk.
Did you know that by making only the minimum credit card payments on a $10,000 credit card balance, at 18-22% percent interest, it would take you more than 33 years and $26,000 to pay off the credit card? Few people can afford that. Imagine combining all of your monthly credit card bills into one single, manageable payment and reducing your interest by as much as 60 percent. Plus, you’ll learn to live on a budget while you gain the pride that comes from knowing you have a practical, long-term debt management strategy to improve your credit rating.
It takes time for your creditor’s collections department to find out you’re enrolled in a Debt Management Program. If you get a call, inform the party to call our Customer Service Line to confirm your participation in our program at (800) 793-9049.
Because Trinity is a nonprofit organization, most services are offered free of charge. For clients that enroll in the debt management program, there is a monthly fee built into the total monthly payment. This fee amount is based on the amount of debt that you have, the payment amount to your creditors and the state that you live in. The fee can be anywhere from $8-$50 per month. The average monthly fee is $34.
Whether we’re helping people pay off their unsecured debt or offering assistance to those behind in their mortgage payments, Trinity has the knowledge and resources to make a difference. Our intention is to help people become debt-free, and most importantly, remain debt-free for keeps!
Trinity Debt Management is not a lender and does not lend money.
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