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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
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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.
Will debt counseling hurt your credit?
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 your credit worthiness. In their view, the fact that you are in an unmanageable debt situation is not a good sign, unless you can convince them otherwise. So the reality is debt counseling may hurt your credit, depending on the subjectivity of the creditor.AnswerDebt counseling will never hurt your credit, since it is an educational activity. If you choose to enroll in a debt management program, that does not hurt your credit either. What could hurt your credit is closing any accounts that have substantial available credit. Other than that, your credit generally improves over the life of the debt management program.
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.
What are good credit counseling programs?
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.
Is the credit card debt termination program sold on the internet legal and does it work?
No it will not "work". Whether it is legal or not is certainly questionable. There are no quick fixes. Be very cautious when dealing with any credit counseling, credit consolidation sevices, etc. There are a lot of good ones and then there are the "crooks."
How much debt is necessary to qualify for a credit counseling agency?
A credit counseling agency is a good bet for anyone who is struggling with debt, no matter how much debt is on the books. The service they provide if only advice is good and sound.
Which banks in America give good credit counseling for credit consolidation?
Every bank in America, whether local, or chain, gives credit counseling for credit consolidation. If more in depth help is needed, they will also point you to someone who knows more.
Whats a good credit score?
According to a recent study done by Experian, the average credit score in the US is 687. A good credit score is usually 720 or higher.
What type of counseling class will help me manage my finances better?
There are quite a few financial counseling services available. Money management and credit counseling are a good place to get basic money management tools.
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.
What is the name a good family counseling program in Detroit, Michigan that specializes in teen behavior?
Woodward counseling is a good choice 35 S Johnson St # C Pontiac, MI 48341 Get Directions (248) 333-7222
Does credit counseling hurt your credit report?
AnswerWhen you are undergoing credit counseling, some of your creditors may contact the credit bureaus and put a notation on your credit card report signifying you are going through credit counseling. This notation is neutral and does not affect your credit score in any way. Once you finish the credit counseling, this notation is removed from your credit report. Answeryes it does show up. also just a pointer when you go to geta loan and a banker or a loan officer looks at it it is a very bad thing to have it on your credit report. we lokk at it and see it as you can not mannage money well so why would we want to loan you money.
