What is a Credit Counselor?
A credit counseling service helps people work out a plan for getting out of debt. A credit counselor will help you look at your money problems and suggest ways to improve your money management. Some counselors will help you work out a repayment plan and contact your creditors. You will pay the counselor a monthly payment, and the counselor will use that money to make your credit payments. Non-profit Consumer Credit Counseling Services provide this service. Agreements are made with your creditors. They will allow you to pay off the loan in smaller payments.
Credit counseling is the term used to describe working with a credit counselor in order to pay off your debts in small, monthly amounts. If you are in debt, or find that repayments to your lenders are spiraling out of control, then seeking the advice of a credit counselor may be your best option. People who continually receive phone calls or bills from creditors are likely to need the services of a credit counselor. The first thing to do is to find a reputable credit counseling service. There are many scam services in operation, and it is best to avoid television and newspaper ads that offer a quick fix. Look for a reliable company that has been accredited by the Consumer Credit Counseling Service. The next step is to meet with a credit counselor and supply them with all your financial information. The credit counseling service will begin to contact all of your lenders and inform them of your intention to create a repayment plan. Your counselor will work with your lenders to create a p
A credit counselor is a person who works at a credit counseling agency and helps you build a plan to get a hold of your debt. They may help you develop a budget, negotiate with some of your lenders or help you to get on a debt management plan. A good credit counselor should: Be certified and trained in consumer credit, debt management, and budgeting Help you develop a budget or debt management plan Offer free educational materials and workshops Spend at least an one hour working with you and then set up a follow up meeting Talk to you about all of you money issues not just part of them Choosing a Credit counselor or Counseling Agency There are many credit counseling organizations or agencies. You should be aware not all of them are good ones. You should be vary careful and do plenty of research before choosing a credit counselor or credit counseling organization. Make sure you look at three to five different credit counseling agencies before deciding on one. Many credit counseling agen
A credit counseling service helps people work out a plan for getting out of debt. A credit counselor will help you look at your money management. Some counselors will help you work out a repayment plan and contact your creditors. You will pay the counselor a monthly payment, and the counselor will use that money to make your credit payments. Agreements are made with your creditors. They will allow you to pay off the loan in smaller payments. Credit counselors may charge you a fee.
