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Credit Counseling
You’ve tried it all – eating Raman noodles twice a day, creating a budget, cutting your cable TV – but despite those efforts, your credit card debt kept growing and…
Nowadays, we do everything online. We pay the bills, shop for groceries, and order Chinese food without leaving the comfort of our couch. Doing things online is just plain easier…
What Is Credit Counseling? Credit counseling is a free service that provides help with budgeting, solutions for becoming debt-free, and tips for managing your money successfully. Credit counseling is offered…
Did you know there are laws to protect you from being harassed by debt collectors? From lying about your debt to pestering you repeatedly on the phone, the Fair Debt…
When you’re looking for financial advice, you would hope there are two things you can count on from the person on the end of the phone: They know what they…
So, you’ve finally taken the big step and enrolled in a debt relief program. Now what? If you’re going to succeed, you’ll have to alter the lifestyle that got you…
Debt management plans might be the most productive and least appreciated member in the family of debt-relief solutions that includes debt consolidation loans, debt settlement and bankruptcy. DMPs, as they are…
Bankruptcy and credit counseling both can be used to fight crippling debt and often they work together to resolve your problems. Laws demand that credit counseling precede a bankruptcy filing and before your…
Anouska Livingston was pregnant, unemployed, in debt and stressed out. The last thing she needed was to go in a store and see what diapers cost. “How am I going…
The NFCC has developed extensive tools and training that allow its member organizations to deliver a high level of financial education and counseling to millions of clients nationwide. “Despite new…
Sources:
- NA, (2017, February 15) What Are Debt Settlement/Debt Relief Services and Should I Use Them? Retrieved from: https://www.consumerfinance.gov/ask-cfpb/what-are-debt-settlementdebt-relief-services-and-should-i-use-them-en-1457/
- NA, (2016, October 14) The Benefits of Credit Counseling – Even If You Don’t Need It Yet. Retrieved from: https://www.nerdwallet.com/blog/finance/benefits-credit-counseling-even-dont-yet-need/
- Carrns, A. (2014, July 8) Report Says Debt Settlement Companies May Leave Clients Worse Off. Retrieved from: https://www.nytimes.com/2014/07/09/business/report-says-debt-settlement-companies-may-leave-clients-worse-off.html?searchResultPosition=1
- Singletary, M. (2019, July 22) Consumer Agency’s $25 Million Settlement with Freedom Debt Relief Shows the Risks of Such Programs. Retrieved from: https://www.washingtonpost.com/business/get-there/consumer-agency-reaches-25-million-settlement-with-freedom-debt-relief/2019/07/11/cce920a4-a3f0-11e9-b8c8-75dae2607e60_story.html?utm_term=.8b49fccf9384
- NA, ND. Nonprofit Credit Advisors vs. Debt Relief Companies. Retrieved from: https://www.discover.com/credit-cards/resources/nonprofit-credit-counselors-vs-debt-relief-companies/
- Bovee, M. (ND) 5 Ways to Compare Credit Counseling with Debt Settlement. Retrieved from: https://consumerrecoverynetwork.com/question/how-to-compare-credit-counseling-with-debt-settlement-for-lower-monthly-credit-card-payments/