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ConsumerCreditCounsling is a non profit credit counseling service. They do charge a nominal fee for their services.
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∙ 14y ago
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Are there any online services for harbor credit counseling?
Harbour credit counseling does not offer services online. You must contact them by phone at 757-340-2564, or at the office location in Virginia Beach, Virginia.
Are there any legit credit counseling services in the state of Tennessee?
There are legitimate credit counseling services in Tennessee. Look for services that offer consumer education, ways to regain control over your financial situation, and a debt management plan.
Free Help with finances?
A reputable financial counseling or credit counseling organization may be able to help you for free. Some have nominal charges for a consultation while many others offer free counseling sessions. Make sure that you seek help from a nonprofit organization so that there is no incentive for them to sell you on any single solution.
How many have used consolidated credit counseling service in the past year?
There really is not data on this type of information. Most consolidated credit services have to maintain confidentiality and usually do not release any statistics.
Are there any debt negotiation companies that are not part of the credit companies?
There are a couple different credit counseling services that are non profit companies and they do not have the credit companies in their back pocket. The best way to filter out these companies is to call the local better business bureau.
Nonprofit corporation cannot legally charge any money for the services they perform?
true or false
Credit Counseling:More Than Paying Off Your Credit Cards?
When people think of credit counseling the first thing that comes to mind are commercials to “lower your credit card payments�. This is a disservice to credit counseling services. While many counseling services offer this option, they also can provide individuals with the knowledge needed to make smart financial choices. Credit counseling is more than a reduction of current payments. It is about learning to make your money work for you. When you attend a real credit counseling session you will learn about budgeting, saving and investing and how to get the most value from the income you earn. These are all important factors in living a financially secure life. Credit counselors can teach anyone how to live within their means and yet live comfortably. They can teach you how to save for your future without living poorly today. They can also teach you about reducing your debt load and consolidating your bills. Credit counseling centers can be found in your neighborhood or you can utilize an online service for help. Many charities and churches offer this type of service in an effort to help their community. Non- profit credit counseling services often offer their services at a discounted rate. This enables anyone, at any income level to benefit from these services. Now, more than ever, with the cost of goods continually on the rise, it is imperative to learn how to control your finances. People need to be able to obtain the most from their wages. Financial security is not a thing that comes with time or patience, it something that must be attained through planning. Taking control of your finances does not have to be a horrible experience. It can be done easily when you learn the proper way to manage your money. Everyone can benefit from using a credit counseling service at least once in their lives. Credit counseling should be used for more than condensing your credit cards or refinancing your debt. It should be used to take control of your future.
What will happen if you drop out of a consumer credit counseling program?
I dropped out of consumer credit counseling years ago, and it was not a good experience. The credit cards that I had would not re-open my accounts and my credit report had a negative comment regarding "Consumer Credit Counselors", which is a red flag to any creditor that you needed assistance with maintaining your finances. Also, depending upon who your creditors are they will cancel the arrangements made with consumer credit counselors and go back to the original terms and agreement of your contract, along with any previous balances you had already occurred prior to signing up with a counseling service. My suggestion is if you start counseling, finish counseling.
How does one seek credit card counseling?
A credit counseling agency will attempt to get you a lower interest rate on your credit cards in order to coax you into paying them down. The creditors do not have to accept these terms and can easily reject you, but this is usually based upon your own financial situation and the type of relationship that the credit counseling agency you go with has with your debtors. More often then not, these credit counseling agencies will have a relationship already with these major creditors and already know how much money that they will get as a result of working with them and how much the interest rate will be reduced because of it. You can usually expect to pay back your entire balance on the debt that you owe and anywhere between six and twelve percent of the interest. This is about half of what your normal interest would be. Again, they do not have to do any of this, but it is what typically will occur when you go through a credit counseling service. When you speak with the potential credit counseling agency be sure that you get all the exact terms and conditions from them. They will usually try to have all of your late payment fees reverted, but this tends to happen when you have a proven track record of about half of a year with them of solid payments.
Are there any risks involved in debt consolidation?
Yes. If you do consolidate your debt be sure to investigate the company you choose thoroughly. Many people have been bitten by credit counseling services that charge high fees and don't deliver any relief.
What it a nonprofit financial institution?
A nonprofit financial institution is an organization that provides financial services without the primary goal of making a profit. These institutions, such as credit unions or certain community development banks, focus on serving their members or communities by offering services like savings accounts, loans, and other financial products. Any surplus they generate is typically reinvested to fulfill their social mission rather than distributed to shareholders.
What is a reliable credit counseling agency?
There are a number of reliable credit counseling agencies that are reviewed very well online. Some reliable credit counseling agencies are CareOne, Springboard, American Consumer Credit Counseling and American Financial Solutions.
