Choosing The Right Credit Counseling Service

By: L. Sampson
Submitted: 2007-01-17 16:15:20
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

If you are reading this article then you have already made a step in the right direction. Admitting you need help takes a lot and having financial problems can create a strain on you and your relationships. Credit counseling can help get you out of debt and back on track. Many people struggle to find the right credit counseling service.

Profit versus Non-Profit

When looking for a credit counseling service, a person needs to find a non profit service. These organizations are in the business to help people, not to profit off of their misfortunes. They don’t normally have fees and if they do, they are small, and there is more one on one attention.

Getting the Credit

If a service is reputable it will be a member of the Association of Independent Consumer Credit Counseling Agencies (AICCCA), and the National Foundation for Credit Counseling (NFCC). In order to be in these two groups services must have there ISO 9001 certification or Council on Accreditation. These are accreditations that mean that they are complying with all rules of their industry. If a service does not have these or is not a member of these groups, they are probably not the right service for you.

Counselors

The counselors at these services should be certified by groups such as the Associations for Financial Counseling and Planning Education. It is also important that your counselor did not receive a bonus for signing you up for the service. If you wanted a salesperson you would go to a car dealership!

Cost

Most services do not charge, but for those that do, never pay more than fifty dollars for their service. Also make sure that your first month’s payment actually goes towards your bills and not the service. This has been the problem with some companies in the past.

Debt Free…when?

Finally, a good credit service will have you debt free in five years (in most circumstances). Make sure you are aware of how they plan on doing that, and request monthly statements showing your progress.

Go to http://www.debtsanity.com for more information on how to find the best Debt Counseling service to suit your needs.

Article source: Expert Articles

Most Recent Articles in Debt Relief category

  • How To Manage Debts Using Fast Cash Payday Loans - By: Jackie De Burca
    How a person or family manages their debt can be stressful but with careful planning and a tight debt management strategy it is possible to overcome difficulties. Depending on the situation there can be times of the month where a fast cash payday loan is a better option than leaving a priority payment unpaid. This article advices how to approach the plan.
  • Debt Settlement Information - By: Justin Narin
    Debt settlement might be appropriate for you if you're facing a mountain of debt. Although it can significantly reduce your debt, it does have an impact on your credit rating and your taxes.
  • Professional Credit Card Debt Management - Your Golden Ticket to Financial Freedom - By: Michael David
    Debt management services may be exactly what you need to get you financially free of your credit card debts. It is never an easy task to eliminate debt, but if you have the right solution then you are one step closer. Debt management services can create the solution to free you of debts. The best way to get out of debt is to make your debt manageable; credit card debt management services will do this for you.
  • Get Out of Debt - Step Away from the Credit Card - By: Michael David
    Getting out of debt is never easy, but it starts with strategic planning and budgeting. This article will give you some advice for those who are taking steps to improve their credit and become debt free. You should read this article in its entirety and learn the steps to becoming debt free.
  • Credit Card Cancellation a Necessary Step for Financial Freedom - By: Michael David
    Getting out of debt starts with getting out of debt! You must proactively free yourself from your current debts to actually embrace the moment of being out of debt or debt free. Many do not consider canceling their credit card debt, mostly because creditors do not realize the benefit and strength of this option. This article will give you advice and reasons for canceling your credit cards.
  • Freedom Debt Relief Offers Answers, Clarity for Those Struggling With Debt - By: Murali Bhat
    As the nation's economy has declined, Americans are feeling the pinch, with an average of more than $16,000 in debt per person among those who have a credit profile.1 Freedom Debt Relief co-founder and co-CEO Brad Stroh reminds those who are facing serious debt hardship that they do have options when it comes to getting help.
  • Top 3 Debt Relief Solutions - By: Justin Narin
    There are as many forms of debt relief out there as there are ways to get into debt. You've probably heard terms like debt consolidation and credit counseling, but have you heard of debt resolution, debt settlement and debt roll-up? Since there are so many debt relief alternatives, it is important to learn about all of the options and then assess what your primary needs are - so that you can pick the debt relief option that best fits your needs.
  • Debt Reduction FAQ's - Freedom Debt Relief - By: Murali Bhat
    FDR's Debt Reduction Program, also know as Debt Negotiation or Debt Settlement, is an aggressive approach to becoming debt free. It is appropriate for debtors with a serious amount of debt or who are considering credit counseling or bankruptcy.
  • How to be debt free - By: Justin Narin
    Many Americans are burdened with large amounts of debt and struggle to make the monthly payments. If you are in debt, then Use these debt pointers to help you get debt free.
  • Why You Should Pay Off Your Debts With Your Savings - By: Andy Jones
    You can be far better off by paying off your debts with your savings. By not doing this you are lining the banks pockets and simply throwing money away.