What training do employees of a credit counseling program have?
Most employees of these agencies have very little training. The training that they do havfe is from the companies internal training departments.
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.
http://www.expertlaw.com/library/finance/good_credit_counselor.html a guide can be found here. It is generally thought to be wise to get a local advisor and see them face to face for counseling. Also, depending on your needs, location, and situation, you would need to read a guide. A good credit counseling program is Marketplace From American. You can find a Good Credit Counseling Service at www.kiplinger.com/columns/ask/archive/2006/q0306.htm
Getting debt counseling is a good thing and shows your willingness to take care of your debt in a responsible way. If you are undergoing debt counseling, a notation to that effect may be appear on your credit report. This does not affect your credit score but how each creditor views this notation, differs from creditor to creditor. While it may seem unfair, there are some creditors who view debt counseling as a negative to…