Credit Counseling

Credit counseling services can be used to help get budgeting assistance and get financial affairs in order. However, some credit counseling agencies are scams and you could end up in worse shape. Check out the National Foundation for Consumer Credit or the Consumer Credit Counseling Service. Look at our articles, blog posts and videos for more information about what a credit counsling service can do for you.

Help Paying Monthly Bills

A person can help pay his monthly bills and avoid over-extension by going into foreclosure, doing a short sale or considering bankruptcy. Q: I will try to make a long story short. I have credit card debt of about $12,000, …

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What Can A Credit Counseling Agency Do For You

Q: I am hoping that you can help!!! We have contacted so many people and everyone tells us the same thing. My wife and I make too much money for them to help us. There are so many issues and …

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Getting Financial Help On A Budget

Getting financial help on a budget.
Thousands of people come to ThinkGlink.com for financial and personal finance help. If you are in need of financial help and you are on a budget, here are some tips that might help you. You can also think about your financial future and use the information on our site to help you out. You can visit with a top consumer credit counseling service, take advantage of all of the free financial help on ThinkGlink.com and check out some of our free books and other products at the ThinkGlink Store.

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Credit Counseling Agencies: Beware Of Scam Agencies Pretending To Improve Your Credit

All credit counseling agencies are not looking out for you – even some of the non-profit ones may be a scam. Just because a credit counseling agency claims the non-profit label, doesn’t mean it’s not out to scam you out of money and make your credit score worse. Get safe budget counseling from credit counseling agencies who want to help you get out of debt and improve your credit score.

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Credit Counseling Scam Organizations

An elderly couple has gotten into credit card debt after retirement. Credit counseling from a non-profit organization may be able to help. During a credit counseling session, they can receive coaching on how to manage their debt. Depending on the debt load, credit counseling can help you learn how to pay off your debt. Be careful to avoid scams from other companies claiming to offer help.

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Credit Counseling Before Bankruptcy

If you are considering bankruptcy, before you file you should talk to the credit card company to see if they are willing to settle your debt for some amount that is less than you owe. If they know your only other option is to file for bankruptcy, they may be more willing to settle the debt. After you’ve sat down with a credit counseling service, you may have a better idea of what your options are and how you need to proceed.

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How Consumer Credit Counseling Services Affect Credit Ratings

Consumer credit counseling services and debt management programs can affect a person’s credit rating. Entering a debt management program is a much better move than filing for bankruptcy protection. While some lenders may view it negatively, those that work with debt management companies and the participants in their program will view it more positively.

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Managing Credit Scores With A Debt Management Payment

There is a lot of confusion in the world of credit counseling, which is why so many consumers have unpleasant experiences. The issue is less whether you are enrolled in the debt management program, but more whether you pay off all of your debts in full. If you negotiate a partial payment with all of your creditors, your credit score may take a hit.

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Risks Of Using Non-Profit Credit Counseling Agencies

All credit counseling agencies are not looking out for you – even the ones that claim to be non-profit. Many consumers are surprised to learn that there are good credit counseling companies and bad ones. Just because the one you’re using carries the “non-profit” label doesn’t mean it isn’t making money for its owners. “Non-profit” also doesn’t mean the counselors are really working on your behalf. Once you find a good credit counseling agency, there are different ways it can help, some of which will affect your credit history.

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Credit Counseling To Understand Credit Report

Reading your credit report can be confusing. Ilyce suggests a good place to find a reputable non-profit credit counseling service and decipher their credit report is through the National Foundation for Credit Counseling (NFCC.org) or through Consumer Credit Counseling Service (CCCS.org). They provide budget counseling that should be free, or very nearly free to help you understand your credit report.

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