Sunday, August 14, 2005

What Is Credit Counseling?

Credit counseling is a service provided by many organizations with the mission of helping people find financial stability. Services are offered at a minimal fee (or sometimes free of charge) depending on what is needed. Whether the need is simple guidance or help in avoiding bankruptcy, credit counseling is a service available to anyone who could use a hand in managing their financial situation.

It's Confidential

    As with most counseling, credit counseling is a confidential meeting where consumers can talk openly about their current financial situation and goals.

It's Educational

    Credit counseling is an education process. Its goal is to teach consumers how to properly manage their money and live within their means, keeping debt at a controllable level.

It's Individual

    Credit counselors take the time to analyze a consumer's current financial condition and offer advice based on their unique situation.

It's Guidance

    Counselors offer options to settling debt and improving credit, as well as suggestions on how to move forward to ensure that consumers make sound financial decisions in the future.

It's Goal Oriented

    Credit counseling services offer solutions, from simple money management recommendations to negotiating with creditors on their behalf for a debt management program.

It's the First Step

    Whether you find yourself in over your head with debt or are just looking for some sound financial advice, credit counseling is a resource to be considered, and can be the first step to reaching financial freedom.

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