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Debt Consolidation in New York
(Note: this is for educational purposes only, and although efforts have been made to keep this up to date and correct, there are no guarantees about the accuracy of anything contained below. It should not be construed as legal advice. For legal advice, please consult with an attorney licensed in New York.)
New York residents, much like consumers in the rest of the country, have increasingly found themselves in need of quality debt consolidation services and consumer credit counseling help. Before using these services, not everyone fully explores the financial implications of using a debt management program, nor do they do the research necessary to determine whether the company they are working with is reputable. The mission of PayingPaul.Com is offer the debt assistance people need to make the best possible financial decision.
First, let’s briefly clarify how the different types of debt consolidation work. Credit counseling, the original form of debt relief, involves learning about how to better manage your finances. If this alone will not help your situation, then you may want to consider a debt management plan, which involves getting credit card companies to lower your interest, as well as any late fees which may have been assessed on your account. The average interest rate in these programs is 9%, but there are monthly service fees, although many of these providers are non profit debt management agencies. Some other things to watch out for and consider: 1) debt management plans may have a negative effect on your credit report, and 2) there are many outfits who don’t have the consumers best interests in mind, whether they are non-profit or not. Before choosing this route, as well as your other debt consolidation options, it is imperative one does there research to determine whether this is an appropriate solution and if the company you are dealing with is reputable.
The other popular type of debt service is debt settlement. Also known as debt negotiation, this credit program involves negotiating discounts on your overall debt. Creditors are willing to do this if they feel that accepting a lump sum of less than the balance owed will be more profitable to them trying to collect the full debt. Creditors usually come to this conclusion when a person is severely past due. Due to this fact, enrolling in this type of personal debt relief is risky and difficult. Not only will it affect your credit in all likelihood and cause you to experience creditor calls, but there is no guarantee that your creditors won’t pursue legal action before you have the opportunity to settle the debts.
Do you want to speak with a professional debt consolidation advisor? Submit a form and let PayingPaul.Com match you with one today!
New York Debt Management Laws
New York has certain safeguards in place to legally protect the interests of its residents from disreputable debt management companies, or “budget planners.” Under the law, “budget planners” must be licensed by the state in order to service New Yorkers.
Definition
New York law defines budget planning as “the making of a contract between a person or entity engaged in budget planning with a particular debtor whereby the debtor agrees to pay a sum or sums of money periodically and the person engaged in the budget planning distributes, or supervises, coordinates or controls the distribution of, the same among certain specified creditors in accordance with a plan agreed upon and the debtor further agrees to pay to such person or entity any valuable consideration for such services or for any other services rendered in connection therewith.”
Fees
Unlike many other states, however, there is not a cap on fees that a credit counselor can charge you, so price shopping is more important than in other states.
Licensed Debt Agencies
A New Horizon, Credit Counseling Services, Inc.
2950 West Cypress Creek Road
Suite 201
Ft. Lauderdale, FL 33309 1701
Advantage Credit Counseling Service, Inc
2403 Sidney Street
River Park Commons - Suite 400
Pittsburgh, PA 15203 2181
Alliance Credit Counseling, Inc.
13777 Ballantyne Corporate Place
Suite 100
Charlotte, NC 28277
American Consumer Credit Counseling,Inc.
130 Rumford Avenue - Suite 202
Newton, MA 02466 1316
American Credit Alliance, Inc.
2 Penn Plaza - Suite 1910
New York, NY 10121 1994
Mail To : 2 South Delmorr Avenue
Morrisville, PA 19057
American Credit Counselors, Inc.
23123 State Road 7, Suite 215
Boca Raton, FL 33428 5407
American Debt Counseling Inc.
14051 NW 14th Street
Sunrise, FL 33323 2885
American Debt Resources Inc.
248C Larkfield Road
East Northport, NY 11768
American Debt Solutions, Inc.
902 Clint Moore Road - Suite 104
Boca Raton, FL 33487 2864
Atlantic Credit Foundation, Inc.
3 Glen Hill Court
Dix Hills, NY 11746 4819
AAA Fair Credit Foundation
230 West 200 South
Suite 3104
Salt Lake City, UT 84101 3428
Best Credit Service, Inc.
2400 Crestwood Road - Suite 203
North Little Rock, AR 72116 7663
Mail To : P.O. Box 6719
Sherwood, AR 72124 6719
Budget-Right Debt Management, Inc
1307 South International Parkway
Suite 1071
Lake Mary, FL 32746 1412
ClearPoint Financial Solutions, Inc.
8000 Franklin Farms Drive
Richmond, VA 23229 5004
Community Credit Counseling Corp.
5 Professional Circle, Route 34
Colts Neck, NJ 07722 2428
Consolidated Credit Counseling Services, Inc.
5701 West Sunrise Blvd.- Suite 200
Fort Lauderdale, FL 33313 6269
Consumer Credit and Budget Counseling, Inc.
299 South Shore Road, U.S. Route 9 South
Post Office Box 866
Marmora, NJ 08223 0866
Consumer Credit Counseling Service of Buffalo, Inc.
40 Gardenville Parkway - Suite 300
West Seneca, NY 14224 1387
Consumer Credit Counseling Service of Maryland and Delaware, Inc.
757 Frederick Road - 2nd Floor
Baltimore, MD 21228 4503
Consumer Credit Counseling Service of Central New York, Inc.
500 South Salina Street
Syracuse, NY 13202 3302
Consumer Credit Counseling Service of Rochester, Inc (New York)
. 50 Chestnut Plaza, Suite 410
Rochester, NY 14604 2318
Consumer Credit Counseling Service of Greater Atlanta, Inc.
100 Edgewood Avenue - Suite 1800
Atlanta, GA 30303 3066
Consumer Credit Counseling Service of San Francisco
595 Market Street, Suite 1500
San Francisco, CA 94105 2824
Consumer Credit Management Services Inc. 315 NE 2nd Avenue
Delray Beach, FL 33444 3801
Mail To : 315 NE 2nd Avenue
Delray Beach, FL 33444 3801
Consumer Education Services, Inc.
3801 Lake Boone Trail - Suite 400
Raleigh, NC 27607 2972
Credit Advisors Foundation
1818 South 72nd Street
Omaha, NE 68124 1704
Credit Advocate Counseling Corp.
237 First Avenue
New York, NY 10003 2919
Mail To : 237 First Avenue, Suite 305
New York, NY 10003 2919
CreditCare Foundation, Inc.
2840 NW Boca Raton Blvd., Suite 202
Boca Raton, FL 33431 6634
Mail To : c/o Freedom Debt Management
941A Clint Moore Road
Boca Raton, FL 33487 2802
CrediCure, Inc.
301 North Mildred Street
Charles Town, WV 25414 1833
CB Budget Planning Corp.
3001 Expressway Drive North
Islandia, NY 11749 5301
Mail To : 3001 Expressway Drive North, Suite 400
Islandia, NY 11749 5301
CREDITGUARD OF AMERICA, INC.
791 Park of Commerce Blvd. - Suite 500
Boca Raton, FL 33487 3633
Debt Counseling Corp.
3033 Expressway Drive North
Hauppauge, NY 11749 5309
Debt Management Credit Counseling Corp.
700 W. Hillsboro Blvd. - Suite 105
Hillsboro Center, Building 1
Deerfield Beach, FL 33441
Debt Reduction Services, Inc.
6213 N. Cloverdale Road - Suite 100
Boise, ID 83713 2215
Debtscape, Inc.
7240 Parkway Drive - Suite 360
Hanover, MD 21076 1378
Elimidebt Management Systems, Inc.
1800 Pembrook Drive, Suite 290
Orlando, FL 32810 6379
Mail To : 1800 Pembrook Drive, Suite 290
Orlando, FL 32810 6379
Family Credit Counseling Service, Inc.
DBA Family Credit Management Services
4306 Charles Street
Rockford, IL 61108 6249
Family Financial Education Foundation
724 Front Street - Suite 340
P.O. Box 2125
Evanston, WY 82931 2125
Garden State Consumer Credit Counseling, Inc. U/A/N Novadebt
225 Willowbrook Road
Freehold, NJ 07728 5921
Golden State Debt Management Corp.
23848 Hawthorne Boulevard, Suite #101
Torrance, CA 90505 5946
GreenPath, Inc.
DBA GreenPath Debt Solutions
38505 Country Club Drive, Suite 210
Farmington Hills, MI 48331 3429
Mail To : 38505 Country Club Drive, Suite 210
Farmington Hills, MI 48331 3429
Harbour Credit Counseling Services, Inc.
DBA A Safe Harbour Credit Management
101 N. Lynnhaven Road - Suite 300
Virginia Beach, VA 23452 7523
Help Ministries Incorporated
DBA Debt Free
1148 W. Baseline Road
Mesa, AZ 85210 5971
Intellidebt Corp.
10935 Estate Lane - Suite 180
Dallas, TX 75238 2389
Mail To : P.O.Box 860642
Plano, TX 75086 0642
InCharge Debt Solutions
2101 Park Center Drive - Suite 320
Orlando, FL 32835 7625
iPayDebt Financial Services, Inc.
9433 Bee Caves Road
Building 3, Suite 101A
Austin, TX 78733 6135
Money Management International, Inc.
9009 West Loop South, 7th Floor
Houston, TX 77096 1719
National Foundation for Debt Management, Inc.
14100 58th Street North
Clearwater, FL 33760 3758
North Seattle Community College Foundation
2815 2nd Avenue, Suite 280
Seattle, WA 98121 1272
SafeGuard Credit Counseling Services, Inc.
110-112 Parkway Drive South
Hauppauge, NY 11788 2012
Springboard Non-Profit Consumer Credit Management, Inc.
4351 Latham St.
Riverside, CA 92501 1749
Take Charge America, Inc.
20620 North 19th Avenue
Phoenix, AZ 85027 3585
Trinity Credit Counseling, Inc.
DBA Trinity Debt Management
11229 Reading Road
Cincinnati, OH 45241 2222
United Financial Systems, Inc.
23123 State Road 7 - Suite 340
Boca Raton, FL 33428 5479
Visual Credit Counseling
1870 W. Prince Road #39
Tucson, AZ 85705 2961
To find a list of approved debt consolidation and consumer credit counseling agencies in the state, feel free to follow this link: http://www.banking.state.ny.us/sibudget.htm
Other Resources
Filing Bankruptcy in New York
Bankruptcy Laws in New York
Debt Collection in New York
New York residents, much like consumers in the rest of the country, have increasingly found themselves in need of quality debt consolidation services and consumer credit counseling help. Before using these services, not everyone fully explores the financial implications of using a debt management program, nor do they do the research necessary to determine whether the company they are working with is reputable. The mission of PayingPaul.Com is offer the debt assistance people need to make the best possible financial decision.
First, let’s briefly clarify how the different types of debt consolidation work. Credit counseling, the original form of debt relief, involves learning about how to better manage your finances. If this alone will not help your situation, then you may want to consider a debt management plan, which involves getting credit card companies to lower your interest, as well as any late fees which may have been assessed on your account. The average interest rate in these programs is 9%, but there are monthly service fees, although many of these providers are non profit debt management agencies. Some other things to watch out for and consider: 1) debt management plans may have a negative effect on your credit report, and 2) there are many outfits who don’t have the consumers best interests in mind, whether they are non-profit or not. Before choosing this route, as well as your other debt consolidation options, it is imperative one does there research to determine whether this is an appropriate solution and if the company you are dealing with is reputable.
The other popular type of debt service is debt settlement. Also known as debt negotiation, this credit program involves negotiating discounts on your overall debt. Creditors are willing to do this if they feel that accepting a lump sum of less than the balance owed will be more profitable to them trying to collect the full debt. Creditors usually come to this conclusion when a person is severely past due. Due to this fact, enrolling in this type of personal debt relief is risky and difficult. Not only will it affect your credit in all likelihood and cause you to experience creditor calls, but there is no guarantee that your creditors won’t pursue legal action before you have the opportunity to settle the debts.
Do you want to speak with a professional debt consolidation advisor? Submit a form and let PayingPaul.Com match you with one today!
New York Debt Management Laws
New York has certain safeguards in place to legally protect the interests of its residents from disreputable debt management companies, or “budget planners.” Under the law, “budget planners” must be licensed by the state in order to service New Yorkers.
Definition
New York law defines budget planning as “the making of a contract between a person or entity engaged in budget planning with a particular debtor whereby the debtor agrees to pay a sum or sums of money periodically and the person engaged in the budget planning distributes, or supervises, coordinates or controls the distribution of, the same among certain specified creditors in accordance with a plan agreed upon and the debtor further agrees to pay to such person or entity any valuable consideration for such services or for any other services rendered in connection therewith.”
Fees
Unlike many other states, however, there is not a cap on fees that a credit counselor can charge you, so price shopping is more important than in other states.
Licensed Debt Agencies
A New Horizon, Credit Counseling Services, Inc.
2950 West Cypress Creek Road
Suite 201
Ft. Lauderdale, FL 33309 1701
Advantage Credit Counseling Service, Inc
2403 Sidney Street
River Park Commons - Suite 400
Pittsburgh, PA 15203 2181
Alliance Credit Counseling, Inc.
13777 Ballantyne Corporate Place
Suite 100
Charlotte, NC 28277
American Consumer Credit Counseling,Inc.
130 Rumford Avenue - Suite 202
Newton, MA 02466 1316
American Credit Alliance, Inc.
2 Penn Plaza - Suite 1910
New York, NY 10121 1994
Mail To : 2 South Delmorr Avenue
Morrisville, PA 19057
American Credit Counselors, Inc.
23123 State Road 7, Suite 215
Boca Raton, FL 33428 5407
American Debt Counseling Inc.
14051 NW 14th Street
Sunrise, FL 33323 2885
American Debt Resources Inc.
248C Larkfield Road
East Northport, NY 11768
American Debt Solutions, Inc.
902 Clint Moore Road - Suite 104
Boca Raton, FL 33487 2864
Atlantic Credit Foundation, Inc.
3 Glen Hill Court
Dix Hills, NY 11746 4819
AAA Fair Credit Foundation
230 West 200 South
Suite 3104
Salt Lake City, UT 84101 3428
Best Credit Service, Inc.
2400 Crestwood Road - Suite 203
North Little Rock, AR 72116 7663
Mail To : P.O. Box 6719
Sherwood, AR 72124 6719
Budget-Right Debt Management, Inc
1307 South International Parkway
Suite 1071
Lake Mary, FL 32746 1412
ClearPoint Financial Solutions, Inc.
8000 Franklin Farms Drive
Richmond, VA 23229 5004
Community Credit Counseling Corp.
5 Professional Circle, Route 34
Colts Neck, NJ 07722 2428
Consolidated Credit Counseling Services, Inc.
5701 West Sunrise Blvd.- Suite 200
Fort Lauderdale, FL 33313 6269
Consumer Credit and Budget Counseling, Inc.
299 South Shore Road, U.S. Route 9 South
Post Office Box 866
Marmora, NJ 08223 0866
Consumer Credit Counseling Service of Buffalo, Inc.
40 Gardenville Parkway - Suite 300
West Seneca, NY 14224 1387
Consumer Credit Counseling Service of Maryland and Delaware, Inc.
757 Frederick Road - 2nd Floor
Baltimore, MD 21228 4503
Consumer Credit Counseling Service of Central New York, Inc.
500 South Salina Street
Syracuse, NY 13202 3302
Consumer Credit Counseling Service of Rochester, Inc (New York)
. 50 Chestnut Plaza, Suite 410
Rochester, NY 14604 2318
Consumer Credit Counseling Service of Greater Atlanta, Inc.
100 Edgewood Avenue - Suite 1800
Atlanta, GA 30303 3066
Consumer Credit Counseling Service of San Francisco
595 Market Street, Suite 1500
San Francisco, CA 94105 2824
Consumer Credit Management Services Inc. 315 NE 2nd Avenue
Delray Beach, FL 33444 3801
Mail To : 315 NE 2nd Avenue
Delray Beach, FL 33444 3801
Consumer Education Services, Inc.
3801 Lake Boone Trail - Suite 400
Raleigh, NC 27607 2972
Credit Advisors Foundation
1818 South 72nd Street
Omaha, NE 68124 1704
Credit Advocate Counseling Corp.
237 First Avenue
New York, NY 10003 2919
Mail To : 237 First Avenue, Suite 305
New York, NY 10003 2919
CreditCare Foundation, Inc.
2840 NW Boca Raton Blvd., Suite 202
Boca Raton, FL 33431 6634
Mail To : c/o Freedom Debt Management
941A Clint Moore Road
Boca Raton, FL 33487 2802
CrediCure, Inc.
301 North Mildred Street
Charles Town, WV 25414 1833
CB Budget Planning Corp.
3001 Expressway Drive North
Islandia, NY 11749 5301
Mail To : 3001 Expressway Drive North, Suite 400
Islandia, NY 11749 5301
CREDITGUARD OF AMERICA, INC.
791 Park of Commerce Blvd. - Suite 500
Boca Raton, FL 33487 3633
Debt Counseling Corp.
3033 Expressway Drive North
Hauppauge, NY 11749 5309
Debt Management Credit Counseling Corp.
700 W. Hillsboro Blvd. - Suite 105
Hillsboro Center, Building 1
Deerfield Beach, FL 33441
Debt Reduction Services, Inc.
6213 N. Cloverdale Road - Suite 100
Boise, ID 83713 2215
Debtscape, Inc.
7240 Parkway Drive - Suite 360
Hanover, MD 21076 1378
Elimidebt Management Systems, Inc.
1800 Pembrook Drive, Suite 290
Orlando, FL 32810 6379
Mail To : 1800 Pembrook Drive, Suite 290
Orlando, FL 32810 6379
Family Credit Counseling Service, Inc.
DBA Family Credit Management Services
4306 Charles Street
Rockford, IL 61108 6249
Family Financial Education Foundation
724 Front Street - Suite 340
P.O. Box 2125
Evanston, WY 82931 2125
Garden State Consumer Credit Counseling, Inc. U/A/N Novadebt
225 Willowbrook Road
Freehold, NJ 07728 5921
Golden State Debt Management Corp.
23848 Hawthorne Boulevard, Suite #101
Torrance, CA 90505 5946
GreenPath, Inc.
DBA GreenPath Debt Solutions
38505 Country Club Drive, Suite 210
Farmington Hills, MI 48331 3429
Mail To : 38505 Country Club Drive, Suite 210
Farmington Hills, MI 48331 3429
Harbour Credit Counseling Services, Inc.
DBA A Safe Harbour Credit Management
101 N. Lynnhaven Road - Suite 300
Virginia Beach, VA 23452 7523
Help Ministries Incorporated
DBA Debt Free
1148 W. Baseline Road
Mesa, AZ 85210 5971
Intellidebt Corp.
10935 Estate Lane - Suite 180
Dallas, TX 75238 2389
Mail To : P.O.Box 860642
Plano, TX 75086 0642
InCharge Debt Solutions
2101 Park Center Drive - Suite 320
Orlando, FL 32835 7625
iPayDebt Financial Services, Inc.
9433 Bee Caves Road
Building 3, Suite 101A
Austin, TX 78733 6135
Money Management International, Inc.
9009 West Loop South, 7th Floor
Houston, TX 77096 1719
National Foundation for Debt Management, Inc.
14100 58th Street North
Clearwater, FL 33760 3758
North Seattle Community College Foundation
2815 2nd Avenue, Suite 280
Seattle, WA 98121 1272
SafeGuard Credit Counseling Services, Inc.
110-112 Parkway Drive South
Hauppauge, NY 11788 2012
Springboard Non-Profit Consumer Credit Management, Inc.
4351 Latham St.
Riverside, CA 92501 1749
Take Charge America, Inc.
20620 North 19th Avenue
Phoenix, AZ 85027 3585
Trinity Credit Counseling, Inc.
DBA Trinity Debt Management
11229 Reading Road
Cincinnati, OH 45241 2222
United Financial Systems, Inc.
23123 State Road 7 - Suite 340
Boca Raton, FL 33428 5479
Visual Credit Counseling
1870 W. Prince Road #39
Tucson, AZ 85705 2961
To find a list of approved debt consolidation and consumer credit counseling agencies in the state, feel free to follow this link: http://www.banking.state.ny.us/sibudget.htm
Other Resources
Filing Bankruptcy in New York
Bankruptcy Laws in New York
Debt Collection in New York