Ever wondered what is Credit Counselling? There are occasions when you might encounter a financial situation that is beyond your scope which is when a session with a credit counsellor could be beneficial.
If you're not disciplined enough to create a workable budget and stick to it, can't work out a repayment plan with your creditors, or can't keep track of mounting bills, consider contacting a credit counselling organisation. Many credit counselling organisations are non-profit and work with you to solve your financial problems. But be aware that, just because an organisation says it's "non-profit," there's no guarantee that its services are free, affordable, or even legitimate. In fact, some credit counselling organisations charge high fees, which may be hidden, or urge consumers to make "voluntary" contributions that can cause more debt.
Most credit counsellors offer services through local offices, the Internet, or on the telephone. If possible, find an organisation that offers person to-person counselling.
If you are not sure of how to contact a counselling service, check with your financial institution, local consumer protection agency, friends or family as they may be a good source of information and referral.
Reputable credit counselling organisations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops. Their counsellors are certified and trained in the areas of consumer credit, money and debt management, and budgeting.
Counsellors discuss your entire financial situation with you, and help you develop a financial plan to solve your money problems. An initial counselling session typically lasts an hour, with an offer of follow-up sessions.
Be wary of credit counselling organisations that:
charge high up-front or monthly fees for enrolling in credit counselling.
pressure you to make "voluntary contributions," another name for fees.
won't send you free information about the services they provide without requiring you to provide personal financial information, such as credit card account numbers and balances.
You may freely reprint this article provided the author's biography remains intact:
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Online car finance is convenient. You can apply over the... Read More
Bewildered by the sheer variety of debit cards and credit... Read More
There's only one way to discover the "health" of your... Read More
There will come a day when you need credit. You... Read More
The credit card companies make billions each year in legitimate... Read More
It's the number one source of consumer complaints at the... Read More
There are not many of us who do not have... Read More
So you ordered a copy of your credit report to... Read More
The good thing about bad credit is that you can... Read More
It is a well-publicized fact that more of us are... Read More
Have you ever wondered how much money a credit card... Read More
If you have considered credit counseling as an option to... Read More
I AM THE CONSUMER. AND I HAVE LOW-RATE SUPER-POWERS!Note: The... Read More
Your credit rating affects many areas of your life. Opening... Read More
What FACTA means is that if you, as an individual,... Read More
Credit Cards and Loans sounds like just two things, but... Read More
Listed below is a useful guide to credit card terms.... Read More
Imagine opening your credit card statement one morning and discovering... Read More
As identity theft becomes more prevalent, the need to regularly... Read More
If you have been shopping around for a Low Interest... Read More
Using a credit card wisely is an important step in... Read More
As a young student I feared getting bad grades because... Read More
The next time you open your credit card statement, take... Read More
Introduction In this article, a presentation is made of the... Read More
Credit card debt is a major social problem in some... Read More
In industrialized nations, going into debt starts early. It's easy... Read More
"I think money was stolen from my card" or "I... Read More
There are millions of consumer credit reports on file from... Read More
Check 21 is the common name for the Check Clearing... Read More
Many of us have seen the advertisements on television. "Get... Read More
As I am not from the US, I had no... Read More
In order to determine a consumer's credit worthiness, creditors and... Read More
Identity theft is when someone uses, without permission, your personal... Read More
These days, people need to very carefully consider what type... Read More
Today there are so many different credit cards available, student... Read More
As identity theft becomes more prevalent, the need to regularly... Read More
When you're dealing with credit cards, you're playing with fire.... Read More
What are inquiries?When you apply for credit the creditor or... Read More
The first rule when applying for banking and credit services... Read More
A "rate tart" is someone who switches from one zero... Read More
Identity theft is the fastest growing crime in America. According... Read More
The three major credit bureaus, Experian, Equifax and Trans Union... Read More
Ever wonder how a creditor decides whether to grant you... Read More
If you have been shopping around for a Low Interest... Read More
Joint debts remain joint debts.Both spouses signed a legally binding... Read More
With identity theft statistics currently at an all time high,... Read More
The three major credit bureaus, Experian, Equifax and Trans Union... Read More
Credit Worthiness is an important business and personal asset each... Read More
Obtaining a credit report is an excellent way to begin... Read More
By Federal law, you are entitled to one free credit... Read More
Credit Credit |