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Credit Counseling

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Cut Credit Card Det By 60%
Consolidate Your Debts
The Consumer Credit Counseling approach looks to minimize debt by negotiating with creditors to lower payments and interest rates . However, unlike debt settlement, Consumer Credit Counseling companies ask consumers for payment and rarely slash actual debts. For those seeking to repay the entirety of their debt (especially a temporary blip caused by accident, illness or sudden unemployment), Consumer Credit Counseling iss an option worth investigating, but be advised there may be negative consequences to your credit scores.

There's another aspect to Consumer Credit Counseling that should be understood. Many Consumer Credit Counseling firms often advertise themselves as non-profit groups offering financial advice, but they also take payments not only from the consumers but also the creditors. As you'd imagine, those working both ends of the system, wouldn't offer the best counseling and may suggest payment strategies that result in even higher debts for the consumer. The entire Consumer Credit Counseling industry is being more closely watched because of alleged misdeeds, and, though some Consumer Credit Counseling companies do help a specific sort of borrower, it's important to determine just whom they're actually working for.

Compared to debt settlement firms, Consumer Credit Counseling programs have very little motivation to reduce consumer debts (despite the fees charged) and can sometimes do more harm than good.
Credit Counseling Helps On a Personal Level

If you are struggling with debt, you will find that there are a number of benefits from talking to an experienced credit counselor. They will not be surprised by your situation. You may be nervous about speaking to friends/colleagues about your debt problems for fear that they will judge you a foolish person or that your secret will be passed on to other people. A debt worker will have undoubte... (READ MORE)

Debt Settlement Could Be Your Greatest Relief
For Americans saddled with debts they can't pay, there can be a sense of isolation. Whether from medical bills, college tuition, housing, or car loans, it is incredibly difficult for the ordinary citizen to not struggle with mounting financial obligations. You might be apprehensive about admitting your troubles to friends, to your accountant, to a business partner, or even a spouse, but debt is an... (READ MORE)
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