Credit Counseling can help your debt problems.
Your financial situation is different from someone else. The credit card debt relief service that works for someone may not be the best choice for someone else. You should take the time to understand all the debt relief options available to you to find the best solution for your needs and goals.
Credit Card Credit Counseling Guide Locator
What Is Debt Counseling?
Consumer Credit Counseling services (or debt counseling) is a process by a third-party company or advisor to provide you information, guidance and support on budgeting, money, credit and debt management. Certified credit counselors help people that have overextended their use of credit card debt to regain control of their financial situation by avoiding excessive debt that cannot be comfortably maintained. Often consumer credit counseling is performed at no or minimal cost to you.
For those that need a formal, structured approach to managing their credit card debts, credit counseling companies also offer a Debt Management Program (DMP) service. In this case, you are enrolled in a DMP and the credit counseling company serves as your proxy negotiating with your creditors. This process includes setting up a repayment plan with your credit card issuers as well negotiating reductions in interest charges and penalties fees.
Types Of Credit Counseling
How Does Credit Counseling Work?
A certified credit counselor will conduct a debt relief consultation reviewing your particular financial situation. This process is normally conducted via telephone and takes about 30 minutes. The credit counselor will present to you the various debt relief options available to you. You get an unbiased, expert opinion about what you need to do to get out of credit card debt while minimizing damage to your credit profile.