Are debt counselors really free?
On One Hand: Free Debt CounselingA number of debt counselors offer a free initial session over the phone or in person. Some services included are to examine the household income and expenses, help develop a budget that includes places to save and recommend further services.On the Other: Low-Cost Debt ManagementOngoing debt management services are rarely free. These services work with your creditors to lower interest rates and help you manage your payments. The average monthly cost for agencies within the National Foundation for Credit Counseling is $12, in addition to $19 to start an account.Bottom LineLegitimate credit counseling agencies will never require money upfront, and will often offer free initial debt counseling consultations.
