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Getting credit counseling is one of the best ways to fix your financial issues, such as when you max out your credit cards (and you have trouble paying off the whole amount). A number of companies offer debt consolidation and credit counseling services, and it is your job to determine which institution would best suit your needs. Keep in mind that there are still unscrupulous characters who would gladly take advantage of you, even given your financial problems. Here are a few tips on how to screen the companies offering credit counseling services.
Step 1: Start your search by looking at the most respected and trusted industry names that offer credit counseling services. Make sure that the agency is qualified to do business with people from your specific area.
Step 2: Do not hesitate to ask for the credentials of the counselors who will likely be assigned to your case. Keep in mind that at some point, you may be at the mercy of these professionals, so you must be 100% sure of their capabilities.
Step 3: Check the fees that the credit counseling agencies will be charging, to determine if it will suit your budget. Avoid dealing with companies that charge a large upfront amount, or those who charge per creditor.
Step 4: List down all the information that might be needed about your debts. This will help your counselor a lot in making a debt consolidation plan which is tailor-made for your needs.
Step 5: Be as honest as possible with your credit counselor, and inform him about all of your credit card debts and other debt consolidation concerns. This is the only way that the counselor can address your needs, and the only way he can determine how to help you in the best way possible.
Step 6: Check out the options that will be given to you for debt reduction; the best way to do so is to give up your credit card completely. Ask your credit counselor for assistance in getting the interest rates possibly reduced, or getting specific fees waived.
Step 7: Monitor your payments, and constantly check with your creditors to make sure that your payments are made on time.
Financial freedom is yours for the taking once you fix your financial concerns. Credit counseling will be a great way to start fixing your financial concerns; what happens after the counselors have done their best is entirely up to you.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoGetting credit counseling is one of the best ways to fix your financial issues, such as when you max out your credit cards (and you have trouble paying off the whole amount). A number of companies offer debt consolidation and credit counseling services, and it is your job to determine which institution would best suit your needs. Keep in mind that there are still unscrupulous characters who would gladly take advantage of you, even given your financial problems. Here are a few tips on how to screen the companies offering credit counseling services.
- Step 1: Start your search by looking at the most respected and trusted industry names that offer credit counseling services. Make sure that the agency is qualified to do business with people from your specific area.
- Step 2: Do not hesitate to ask for the credentials of the counselors who will likely be assigned to your case. Keep in mind that at some point, you may be at the mercy of these professionals, so you must be 100% sure of their capabilities.
- Step 3: Check the fees that the credit counseling agencies will be charging, to determine if it will suit your budget. Avoid dealing with companies that charge a large upfront amount, or those who charge per creditor.
- Step 4: List down all the information that might be needed about your debts. This will help your counselor a lot in making a debt consolidation plan which is tailor-made for your needs.
- Step 5: Be as honest as possible with your credit counselor, and inform him about all of your credit card debts and other debt consolidation concerns. This is the only way that the counselor can address your needs, and the only way he can determine how to help you in the best way possible.
- Step 6: Check out the options that will be given to you for debt reduction; the best way to do so is to give up your credit card completely. Ask your credit counselor for assistance in getting the interest rates possibly reduced, or getting specific fees waived.
- Step 7: Monitor your payments, and constantly check with your creditors to make sure that your payments are made on time.
Financial freedom is yours for the taking once you fix your financial concerns. Credit counseling will be a great way to start fixing your financial concerns; what happens after the counselors have done their best is entirely up to you.
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What are some reputable credit counseling companies?
There are many reputable credit counseling companies. Some of the most reputable ones include '123 Credit Counselors, Inc', 'Abacus Credit Counseling' and 'Advantage Credit Counseling Service, Inc'.
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.
Who has the best online credit counseling?
There are quite a few large Credit Counseling Companies online. There are several websites with reviews and testimonials about the major Credit Counseling Companies.
Do you have to get credit counseling before you can file for bankruptcy?
You do not have to necessarily get credit counseling before you can file for bankruptcy.
What kind of company is Careone Credit Counseling?
Careone Credit Counseling is a debt relief company that helps consumers get out of debt with the help of a trained credit counselor. They also provide credit counseling for those in need.
When was National Foundation for Credit Counseling created?
National Foundation for Credit Counseling was created in 1951-01.
What is a credit counseling agency?
A credit counseling agency is a business, or partnership which gives advice on either boosting your credit scores, and expunging credit blemishes from your record.
Where can someone get consolidation credit counseling?
You can get consolidation credit counseling online at the ConsolidatedCredit Organization website. Alternatively, you can also get this type of counseling from websites such as ConsumerCredit.
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 can I get free credit counseling in Detroit, MI?
Christian Credit Counseling offers free counseling that may help you. In Detroit, they can be reached at (248) 557-7341.
What services are provided by Consolidated Credit Counseling Services Inc?
The CCCS of Greater Dallas offers a wide variety of help and counseling for financiers in rough situations, such as bankruptcy and debt holes. The services offered includes financial counseling, bankruptcy services, credit report reviews, debt management plans, housing counseling, and more.
What is the purpose of credit counseling?
The purpose of credit counseling is to let a person know ways to reduce their debt. They also counsel people in ways to stay out of debt. A person might need credit counseling if they are about to file for bankruptcy.
