Whats credit counseling?
A. Credit counseling differs from debt settlement primarily in that you end up paying the full amount of your debt over an extended period of time. Many creditors are willing to accept this solution, including much reduced interest rates, because it allows them to recover the majority of their debt. For those individuals who are current on their debt, but worry that making minimum payments will never ease their debt burden, credit counseling may be the right option. Of all the debt relief options, credit counseling is least likely to impact your credit score negatively. Q. Can I stop this harassment? I’m getting calls every day! A. While creditors have the right to contact you to attempt collection of debt, many collectors violate YOUR rights when they contact you. The Fair Debt Collection Practices Act spells out your statutory rights in these situations. Important to note is that the primary creditor (the person or company from whom you have directly borrowed) has much greater latitu
A. Credit counseling differs from debt settlement primarily in that you end up paying the full amount of your debt over an extended period of time. Many creditors are willing to accept this solution, including much reduced interest rates, because it allows them to recover the majority of their debt. For those individuals who are current on their debt, but worry that making minimum payments will never ease their debt burden, credit counseling may be the right option. Of all the debt relief options, credit counseling is least likely to impact your credit score negatively. Q. Can I stop this harassment? I’m getting calls every day! A. While creditors have the right to contact you to attempt collection of debt, many collectors violate YOUR rights when they contact you. The Fair Debt Collection Practices Act spells out your statutory rights in these situations. We will contact all creditors within the first 30 days and let them know that we represent you and all further communication should
