Consumer Credit Counseling Service

As one of the great boom industries of our times

, consumer credit counseling services can be found everywhere. With American consumers deeply in debt and mired in trying to get out of it, the counseling business has expanded to meet the demands.

A quick online or yellow pages check will find all ranges of services from non-profit to profit to brick and mortar to online only types. While most all of them offer similar services, the savvy consumer needs to do some homework before engaging any of them for assistance.

Not everyone who contacts a consumer credit counseling service is looking to completely eliminate debt. Many go for advise on how to manage money or to establish a firm financial plan for the future. But many do go in hopes of getting out of debt, and from an overwhelmingly deep debt situation.

In selecting such a counseling service, the consumer needs to check the credentials and certifications of agencies, as well as what their fee will be. It is far better to know in advance how professional and how successful they are, and that can usually be found by an online search. Reading what others have said about them is not only helpful but can alert the consumer to any red flags. Check their board of directors and who they are, and do similar searches on them as well. Set up fees and monthly fees should be clearly set out so there are no surprises later. And, if the consumer feels more comfortable with an in person service rather than an online one, that should be considered as well.

It is important that the service take a holistic approach to every situation. The more programs and types of debt resolution that they offer, the better. It means the consumer has more ultimate choices to select from, and that may make a big difference in finding precisely the right solution for the circumstance. If an consumer credit counseling service only offers consolidation programs, it can be limiting if debt management or debt settlement would be a more appropriate option.

Legitimate agencies will provide all the information and facts in writing. If not, move along and find another counselor. The premise behind consumer credit counseling services is to assist in debt elimination without the declaration of bankruptcy. It is a critical time in a consumer's life, and not one to be treated lightly nor without knowledge.

by: Vicki Hall

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