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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.
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∙ 16y ago
Wiki User
∙ 12y agoContacting consumer credit counseling services is one of the best things that you can do. Oftentimes your consultation is also free. Check them out at their site or give them a toll-free call at your convenience.
Wiki User
∙ 12y agoOne may obtain credit card counseling by teaming up with a counseling professional to learn and practice a debt management program. These counseling sessions will teach you skills on how to be free of debt.
Wiki User
∙ 10y agoCredit Card Counseling Debt Consolidation (CCCDC) is a type of online banking which is offered by many banks. More information on if your bank offers this service can be found on your banks website.
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∙ 12y agoBy using a credit counseling service to help correct your consumer credit, you can avoid bankruptcy and get on a debt repayment plan. To avoid fraudulent practices, the Federal Trade Commission recognizes accreditation of such services by the National Foundation for Consumer Credit. Credit counseling services must try to provide the debtor with a realistic plan based on the debtor's ability to pay. The service must furnish the debtor with a time period under which the debtor can meet his or her goals. Check that the service is accredited by the National Foundation for Consumer Credit.
Wiki User
∙ 11y agoform_title=Obtain Credit Counseling form_header=This type of counseling can help you raise your bad credit. What do you expect out of this service?=_ Describe your current levels of debt:=_ What types of purchases are you looking to make in the future?=_
deb tred
Debt relief companies help consumers avoid bankruptcy and get their credit ... although their services are never free and some companies charge significant fees for their help. However, there are plenty of reputable companies offering needed assistance in this space. ... America's top-rated home insurance .debtredemption
Wiki User
∙ 10y agoCredit card debt counseling services are available from a number of sources. Such sources include Debt Helper, Consumer Credit, and the National Foundation for Credit Counseling.
Wiki User
∙ 10y agoThe Consumer Credit company offers consumer credit card counsesling on how to reduce your credit card debt on their website or on their phone number 800 769 3571.
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What are some names of agencies that offer credit card debt counseling services?
They are a number of credit card debt counseling services online that one may go to for help. They include, Takechargeamerica, Creditadvisors, and Familycredit.
Where can one find non-profit credit card consolidation?
One can find non-profit credit card consolidation by visiting the Consumer Credit Website, a company that specialize professionally in credit and debt counseling.
Can you still use credit card after doing the debt counseling?
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.
If you use a debt counseling service that consolidates your debt for you can you still make payments to your credit card company directly?
When you use a debt counseling service that consolidates your debt for you, you are supposed to make one monthly payment to the credit counseling company instead of paying your credit card companies individually. However, if you come into some extra money and you want to make an extra payment directly to the credit card company, you may need to do some research. Once you sign a contract with your credit counseling company you'll need to abide by the terms of that agreement. Many credit counseling companies want all payments made to your credit cards to go through them. This will mean that you will need to send the extra money to the credit counseling service rather than directly to your credit card company. Another thing to think about is if you do send the funds to the credit counseling service, you might not have any control over which credit card they apply it to. You can tell them where you would like it applied, but that doesn't necessarily mean that's where they have to apply it.
Where can one find more information about major credit card companies?
The use of the online site of banks can give much of the information people seek on credit cards. These useful sites have major credit card companies they use & have the info you seek.
What help will one receive at a Consumer Credit Counseling Service center?
Consumer credit counseling services help overextended credit users eliminate high interest rate credit card debt. It's their mission to help you regain financial stability. Certified credit counselors evaluate your debts, budget, and credit. Then they help you identify the best way to get out of debt in your situation.debtredemption.
Where can a person get advice on credit counseling?
There are a number of sites one can visit to get advice on credit counseling. One can find such advice at the 'National Foundation for Credit Counseling' or 'Better Business Bureau' who have a good advice on choosing a credit counseling agent.
With good credit where can one find a free credit card with no annual fees?
With good credit, almost all credit card carriers offer free credit cards with no annual fees. You should contact your provider and seek information about a credit card with no annual fees.
What are some tips for finding the best credit card?
To find the best credit card for one's needs, one needs to know one's exact requirements. One could seek advice from the bank or from a financial specialist.
Where can one find online a credit counseling program?
One can find a credit counseling program online by searching credit counseling program. There are many programs out there, each offering different solutions.
Where are some of the places that one could seek consumer credit counciling?
The United States Trustee program keeps a list of accredited consumer credit counseling agencies on their websites. Also, the Federal Trade Commission website details information on finding consumer credit counseling agencies nearby.
How can one find help to consolidate one's credit card debt?
One can find help to consolidate one's credit card debt by checking out websites which offer debt relief and counseling services, for example In Charge, Care One Credit and Consolidated Credit. Other agencies which assist with debt relief are Repay Debt and Prosper.
