What Are The Advantages and Disadvantages Of Using Consumer Credit Counseling?
Consumer Credit Counseling can be a great advantage for a consumer by negotiating with creditors to lower payments and interest rates. Credit counselors usually help a consumer learn about how to manage money and avoid future debt. The disadvantage is that a consumer may have their credit damaged and be in an even worse financial position if obligations are not strictly paid. Credit counselors are usually more persuasive with credit card companies than consumers, but counselors do not perform any services that are impossible for the consumer. Negotiating with credit card companies directly to lower payments and interest rates is very possible.
