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Credit and Debt Counseling
Credit and debt counselors advice people on how to improve their credit and economic situations. Debt counselors help people to understand where their money is going, how they are being charged with interest, and the best ways to knock out their bills. They will sometimes mediate with debtors to help reduce what a person owes. Credit counselors will look at payment histories, credit scores and reports, and overall debt to help a person make a plan to raise their credit scores.
140 Questions
What is the contact for the consumer counsel credit in USA?
Consumer Credit Counseling can be contacted through the answers.usa.gov webpage. They can also be contacted through the Federal Trade Commission and Department of Justice.
Is there free debt consolidation counseling in Los Angeles California?
Answer
The first sitting is usually free. You can discuss your personal financial situation with a professional credit counselor. This will involve a frank discussion about your earnings, assets, expenses, liabilities and current credit card situation. After reviewing your financial situation, debt counselors will offer you several plans you could opt for to settle your debts in the quickest possible manner. If you choose to consolidate your debts using their services, the charges could be something like around $40 one-time payment and about $3.00 a month per account.
Answer
I think every financial company will provide you guidance which will be free.
You should directly contact companies instead of getting others suggestion because everyone's debt is different .
The rate of interest you are offered by these companies always remains much lower to that of all your existing debt. With the financial process you reduce your debt burden by 50% to 60% and also before time then you yourself can pay off.
I was also indulged in taking others guidance but instead its more useful to directly approach companies.
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.
How can credit consolidation counseling help your credit?
Many online companies offer help to repair and improve your credit score.
Here's a company my mom used last year. She said they were patient and not pushy throughout the process. She was happy with them and has gotten her way to getting back to decent credit.
yazing.c om/deals/creditrepair/animanifest
Who can offer consumer credit counseling?
Bringing down loan fees on MasterCard obligation.
Disposal of late expenses and extra charges.
Decrease of measure of obligation settlement.
Solidification of advances into one regularly scheduled installment. Affordabledebtconsolidation
Is there a consumer debt counseling service in mississippi?
There are consumer debt counseling services in Mississippi but, you should just do it yourself. Get a list of all the companies that you owe money to,and then call them and offer them a deal. Or go through Omaha Mutual.
How can I check if consumer debt solutions services are legitimate?
A legitimate debt solution service are usually associated with Association of Independent Consumer Credit Counseling Agencies (AICCCA) and National Foundation for Credit Counseling (NFCC). These organizations require members to adhere to high standards in order to gain and maintain membership. In addition, doing a background check with the Better Business Bureau is a good way to see if the company is in good standing.
Where can you learn how to consolidate lenders?
Many individuals seek help from credit counseling agencies to consolidate lenders, but sites like Marketwatch, CNN Money, Dave Ramsey and Bankrate all offer free financial advice.
What is the job of a family credit counselor?
A family credit counselor aids people in managing their debts. They can assist in teaching how to improve credit ratings, managing debts and household spending plans.
What should one expect from a debt counseling service?
Debt counseling services help one develop a debt management plan, which usually consists of a budget plan and a consolidation of monthly payments into a single, lower payment. Banks are often willing to accept lower monthly payments and charge lower interest rates to those with debt management plans; hence, such individuals can realistically escape debt much sooner.
What services does Hummingbird Credit Counseling offer?
Hummingbird Credit Counseling offers bankruptcy certifications, non- bankruptcy financial counseling, learning center and resources, and attorneys and consumer organizations.
Is it better to make payment arrangements or go on consumer credit counseling?
Choosing between payment arrangements and consumer credit counseling depends on your financial situation. Payment arrangements can provide immediate relief for specific debts but may not address underlying issues. Consumer credit counseling offers a comprehensive approach, helping you understand budgeting, improve financial habits, and negotiate better terms with creditors. If you're struggling with multiple debts, credit counseling might be the more beneficial long-term solution.
Yes, a collection agency can still file a judgment against you even if you're working with a credit counseling agency and making monthly payments. While credit counseling can help manage your debts and may negotiate with creditors, it does not prevent legal actions if payments are missed or agreements are not met. It's essential to stay in communication with both the credit counseling agency and the creditors to avoid potential legal consequences.
How do you find a credit card counseling program?
Usually, 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.
Can you sue a credit counselor?
You can sue a credit counselor. You may not win, but it would be important to bring all evidence of what they told you and why you are suing to court.
