Ask Stacy: I Need Help With Debts Other Than Credit Cards!

What's Hot

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

Do This or Your iPhone Bill May SkyrocketSave

11 Places in the World Where You Can Afford to Retire in StyleMore

19 Moves That Will Help You Retire Early and in StyleFamily

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

50 Ways to Make a Fast $50 (or Lots More)Grow

32 of the Highest-Paid American SpeakersMake

The 35 Two-Year Colleges That Produce the Highest EarnersCollege

5 DIY Ways to Make Your Car Smell GreatCars

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

7 Household Hacks That Save You CashAround The House

5 Reasons a Roth IRA Should Be Part of Your Retirement PlanGrow

30 Awesome Things to Do in RetirementCollege

Beware These 10 Retail Sales Tricks That Get You to Spend MoreMore

9 Tips to Ensure You’ll Have Enough to RetireFamily

Lots of agencies out there are falling all over themselves to help you with your credit card debt. But why are so few willing to tackle other stuff?

Today’s question comes from a reader who doesn’t have credit card debt, but she needs help with other types of debt…

I always hear about getting out of credit card debt, but never out of other debts like hospital bills, old loans, and etc. I have those but no help on how and where to start. I don’t have credit cards but I do have debts. Please help.
– Gloria

Here’s your answer, Gloria!

While it’s true that some debt-counseling organizations specialize in credit card debt only, there are some that will help you with all kinds of debt, from hospital bills to mortgages.

Here are two trade organizations whose members might be able to help. The links below will take you to a search for an agency near you:

Most – not necessarily all – of the members of these associations will approach your debts holistically and will be willing to provide advice for pretty much any kind of debt you need help with.

That being said, many organizations may not be able to provide as much direct intervention with your creditors as you might like, or to the level they could with credit card debts. That’s because credit counseling agencies have long-established relationships with most major banks. So when you go in with a credit card debt problem, they don’t need to call the bank to see what concessions they can negotiate on your behalf: They already know. With other creditors, like a hospital, for instance, they may not have such a relationship.

But any quality credit counseling organization should be able to go over your debts with you and offer advice on what you should do. And many will help you do it, by reaching out to those you owe and trying to negotiate terms you can live with. If they say that the only debt they’ll handle is credit card debt? In my opinion, they’re not a quality counseling organization.

I’ve written extensively on credit counseling, as well as other methods of dealing with debt. You can do a search for “credit counseling” or start with this article: 5 Tips to Find the Right Debt Relief Agency.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 9 Tips to Ensure You’ll Have Enough to Retire

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,653 more deals!