Consolidating credit counseling services
Certified Financial Counselors educate consumers on the root cause of debt.
They provide tools that help people avoid past-due mortgage payments, maxed-out credit cards and dormant savings accounts.
Since 1991, our non-profit credit counseling services have helped tens of thousands of people just like you regain control of their finances due to overwhelming debt.
Credit counseling (known in the United Kingdom as Debt counselling) is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultimately eliminate debt.
The solutions to difficulties vary because the situation each consumer presents is different.
Many counselors will suggest Debt Management Plans (DMP), while others may point you to Debt Consolidation, debt settlement or bankruptcy.
You might also consider a secured credit card, which requires you to deposit money as security for the charges you make on the card. If negative comments on your credit report are correct, they can remain in your file for up to seven years except for bankruptcy, which can remain for up to 10 years.
The truth is, most people with serious money problems do not intend to be in debt, they just end up there.
NFCC Certified Credit and Debt Counselors will assist you in determining the best options to meet your credit and debt help needs.
It all depends on the circumstances of your situation and the resources you have available to eliminate debt.
Credit counseling is done in-person at a home or office, over the phone or online.