Credit Counseling Debt Agency

2007-03-08 10:33:40

( Financial )



Credit counseling debt is a service provided by consumer credit counseling agencies to people who have credit or debt troubles. These may be due to credit cards, property foreclosure, mortgages or other debts.

Credit counseling debt agency services

A credit counseling debt agency may provide some or all of the following services:
• Debt counseling
• Debt consolidation
• Credit management education

Other credit counseling debt agencies also give educational sessions on the following topics:
• Budgeting
• Credit report review
• Home buying
• Proper use of credit card
• Identity theft

Choosing the best credit counseling debt agency
More and more consumer credit counseling agencies are offering their services in the market. Most of them look promising but only a few can work in your best interest. Before subjecting yourself to negotiations with any consumer credit counceling agency, be sure to investigate at least three companies.

The first and most important thing you must know is if the agency is licensed to do business in your state. Second is clarifying before anything else any costs that they may require from you, may it be in the form of fees or contributions. Be firm about telling them that all costs for their services must be disclosed before any deal is made. This gives them an idea that you may need help about your credit condition, but you certainly know how to be careful with your money this time.
Be wary about consumer credit counseling agencies which tend to sell solutions for your problems without listening first to what you feel or think. Once you have aired out your concerns, this would be the time for them to offer solutions or services. This would also be the time for you to inquire about the benefits you can gain from the services they have. Do not limit yourself to a few questions as more questions would better help you in knowing which service is best for your case. They may be the experts in credit counseling debt, but you know yourself better than they do.


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