Can consumer debt counseling help with credit card debt?
Consumer Debt Counseling or Consumer Credit Counseling are services that can help you to figure out how to manage your credit card debt. This type of company will usually provide credit counseling services, debt management programs and/or debt consolidation services.
According to information that is available on the internet there are many people who need help with credit card debt and that the number of people needing help is rising daily. There are websites that offer help for people with debt by offering credit counseling. Some of these sites are the Debt Advisory Centre UK, Money Debt and Credit, BBC Dept and Consumer Credit.
Once you are enrolled in a debt counseling program, using your credit cards is no longer an option. Credit cards are an easy way to mount up your debt situation. One of the principles in debt counseling is not incurring new debts. You cannot use your credit cards when you are undergoing debt counseling. You will also need to cancel your credit card insurance.
Consumers who want to substantially reduce their debt should consider their options before contacting consumer credit counseling services. Companies specializing in debt counseling may be working on behalf of the creditors (your credit card companies, etc.). While they may offer you terms that appear attractive, remember that debt counselors may not have your best interests in mind when designing a payoff program.
Consumer Credit Consultants, Inc is located at 8280 Florence Avenue, Suite 210, Downey, California. This is one example of a credit and debt counseling agency in California. A complete list can be viewed at the website of the California Department of Business Oversight, who overseas counseling agencies in the state.
A consumer credit card is issued to you on good faith that you will build debt and pay it off. A secured credit card is issued to you for the amount that you deposit into a secured savings account. The debt you charge to your card cannot exceed the amount that you have in your account. Once you show good faith that you are responsible enough to maintain your credit to debt ratio and pay…