What are Credit Protection Services?
Credit protection services, which are a broad term for consumer credit counseling, provide mediation and resolution services to debtors. These services work with individuals that have bad or poor credit and negotiate with their creditors to reduce their liabilities. Many of these services are staffed with experienced credit counselors that are able to speak directly with a person’s creditor. In many cases this allows the outstanding debt to be reduced to a fraction of the amount owed.
