Consumer Credit Counseling

Author: Mock Webware

If you are struggling to learn how to use and stick to a budget so you can get your debts paid on time each month, you may want to consider using a consumer credit counselor to help you get on track.

The majority of consumer credit counseling agencies are nonprofits, and the FTC and NFCC suggest that you work with legitimate nonprofit credit counseling organizations. Nonprofits will offer their counseling services for free or at minimal charges. Depending on your situation, your counselor may recommend a debt management program, bankruptcy, a debt consolidation loan, or simply a better budget.

To prepare for credit counseling, you should block off a couple hours from your schedule to truly focus on and absorb what your counselor can offer you. Credit counselors will ask a lot of questions about your financial situation, so make sure you are prepared.