Are consumer credit counseling services beneficial?
Debt is definitely evil, it is hard to disagree. Therefore, I think it will be more appropriate to ask loan related and all of the monetary related questions, professionals instead of simple forum users. Try to contact the lenders who approved those loans for you as they will be able to answer questions the best. I once applied to payday lending service in Alberta and had some questions left, so I chose to ask them directly. I have same advice for you. Debt is a terrible thing, therefore, before deciding to stick with one debt counseling service, make sure to find out if it has a proper license, ask for referrals.
Yes, they can help but there has been a lot of corruption in the credit counseling industry. You just need to make sure they are looking out for your best interest. There was a new law passed earlier this year that is trying to clean up the credit counseling industry. It is worth knowing the new laws before you pick an agency. (See source below…
