What are credit counseling services?

Answer Credit counseling organizations work with people to help solve financial problems. They give advice on managing your money and debts, help you make a budget and offer educational materials. The Fed... Read More »

Top Q&A For: What are credit counseling services

Can you discontinue services with credit counseling?

You can discontinue with a financial counselor whenever you like. However, once you have discontinued and cut all ties you are fully responsible to manage all of your finances on your own without h... Read More »

How do credit counseling / debt relief services make money?

Usually they are paid by the creditors and debtors both. The creditors are happy to pay a fee to someone who will get their money for them rather than take a loss. The debtors are happy to reduce... Read More »

How to Measure the Success of Counseling Services?

If you're a counselor or manage a counseling service, you are in a field where results really do matter. Counseling services can range from helping families make financial progress to assisting stu... Read More »

Do I have to be delinquent on my credit card payments before I can do credit counseling?

According to CredAbility (formerly Consumer Credit Counseling Service), there is credit counseling available to those who seek pre-delinquency financial and budgeting advice. There is counseling, t... Read More »