| Welcome to the Credit Counseling
web site. This site provides free information about credit counseling. Here's
what you need to know:
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First, a word about spelling. In the United States the spelling is credit counseling,
with one "l". In Canada, the spelling is credit counselling,
with two "l's". In the United Kingdom it's called debt counselling. Since
this site has readers from all over the world, we use both spellings, but don't
be confused. Regardless of the spelling, we are talking about credit counseling. |
Credit counseling includes two main activities. Credit
counselling is a process offering education to consumers about how to avoid incurring
debts that cannot be repaid (which is why in the U.K. they call it debt counselling).
If you know exactly what you are looking for, enter your search terms in the box below:
Or, check out some new great articles on Credit Card Debt and How To Find a Local Credit Counsellor.
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In addition, credit counseling also involves negotiating
with creditors to establish a Debt
Management Plan.
A DMP may help you repay
your debt by working out a repayment plan with your creditors. Debt Management
Plans, set up by credit counselors, usually offer reduced payments, fees and interest
rates than if you were to repay the debts on your own.
Credit
counseling is not the solution to all financial problems.
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However, for many people
with too much debt, credit counselling, including both credit education and a
Debt Management Plan, is a great way to deal with their debts.
Debt
problems don't usually get better on their own, so START NOW! Read our articles,
and get started on a brighter financial future. | 
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