credit counseling is a two part process.
First, a credit counselor will
meet with you to review your situation. They need to understand what you own,
who you owe money to, and what you earn and spend each month. It may be possible
for the counselor to work with you and deal with your financial problems through
budgeting and other procedures you can do on your own.
Next, they will
help you with Credit
& Debt Counseling, which may include negotiating on your behalf directly with
your creditors. This is also known as Debt
Management Credit Counseling because they use a debt management plan to make
the plan directly with your creditors.
There are different types of Credit
Counseling Services. There are Non
Profit Credit Counseling Services, and even Christian
Credit Counseling organizations.
Finally, a number of Debt
Consolidation Credit Counseling services exist.
As a consumer, before
you decide on credit counseling, be sure you understand what will happen at your
credit counseling sessions, and what you will be required to pay for the services.
on the Credit Counseling menu on the left hand side of this page to read our articles
on Consumer Credit Counseling.