Understanding the Ins and Outs of Credit Counseling
Credit counseling is an option for individuals whose personal finances have gotten to the point where they have buried themselves financially, either through lack of financial discipline, or from external circumstances out of their control. A reputable credit counseling agency should be experienced in finance and be staffed by professionally trained credit counselors.
Government approved credit counseling agencies by law are non-profit companies, meaning that their primary concern is their mission to assist those in need rather than to make a profit. Not all credit counseling companies offer the same services and although are primarily non-profit, they do not charge the same fees. Be sure to ask what services they offer before deciding which agency to work with.
Tags: budgeting money, consolidation plans, consumer credit counseling, credit counseling agency, credit counselor, credit counselors, debt management plan, external circumstances, financial discipline, quality creditRelated posts
Credit Counseling Lies Exposed – The Shocking Whole Truth Credit Counselors Don’t Want You to Know
You’re deeply in debt, wondering which way to turn. You’re confused, worried, and so stressed out you can’t think straight. What do you do
Many people mistakenly turn to credit counselors. Often people struggling with serious debt make the dangerous assumption credit counselors are the good guys because they advertise being not-for-profit. Other times debtors lured by the debt management companies believe a common half-truth (out-right lie) promoted by the credit reporting agencies and credit counselors alike about how such debt consolidation programs affect your credit. Do you know how your credit may be affected
Before we look at the truth behind these deceptive claims, let’s clear up the terminology and eliminate any confusion.
Tags: consumer credit counseling, consumer credit counseling services, credit counseling services, debt consolidation debt, debt consolidation plan, debt consolidation program, debt consolidation programs, debt management companies, debt management plan, debt management plans