What is Credit Counseling?
Credit counseling is one of the most misunderstood services because it is not what people think and it does not do for you what you have been told; many credit counselors are hurting the consumer. For revealing and shocking articles from major new organizations about credit counseling give us a call. We’ll send you copies of these articles. They are educated and unbiased accounts of credit counseling agencies. What is “credit counseling”? If you visit a so-called “Not-for-profit Consumer Credit Counseling” center, here is what you can expect: • The credit counselor does not represent you. In reality they represent the interests of the credit card company which pays them. They do not represent you! • They will review your monthly budget and figure out a way to squeeze as much money as possible from your disposable income to pay it to your creditors. • You make a monthly payment to the credit counseling agency which pays the credit card companies; they, in turn, pay a fee back to the cre
• Check out credit counselors’ credentials first You’ve got bad credit and have heard something called credit counseling may help. But what exactly is credit counseling and what can it do for you? Consumer credit counseling is provided by various agencies across the country that work to help you get on the road toward financial stability, potentially boosting your credit score at the same time. Credit counseling agencies can give you advice on smart use of credit, creating a budget, paying bills and managing money and if necessary, can set up a debt repayment plan with your lenders. Once you have chosen a credit counseling agency, you then will supply information about your earnings, expenses and debts. The credit counselor should evaluate your information, discuss it with you, and help create a plan tailored to your situation. The credit counselor may suggest anything from taking a financial education class to visiting a state employment agency or even a relationship counselor in orde
