Consumer Credit Debt Consolidation and Counseling is not a loan company. They are advisers, and will also contact all of your creditors for you to see what they can do of penalties and late charges knocked off of your balances in order to make the amount you owe less.
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Consumer credit counseling can be surprising to people until they are faced with a potential credit card debt. Credit counseling aims to guide persons caught unawares become debt free and stay debt free in the future. Credit counseling involves educating consumers how to avoid debts that become hard to repay thru a debt management plan and budget. But credit counseling typically does not focus on credit education or the spending habits psychology alone it rather establishes a planned method of debt relief, through a Debt Management Plan. Free non profit credit counseling sessions help the borrower as well as the debt specialists in reviewing the financial situation and to chart out a suitable plan. Loans Store provides online low rate debt consolidation help to reduce monthly payments by up to 60%, stop creditor calls and become debt free in as little as six months.
A lot of persons have visited credit counseling agencies to get rid of credit card debts and regain financial control but selecting the right credit counselor still remains a mystery to many. To consolidate debt loans you may be interested in knowing some guidelines to select the best consumer credit consolidation.
1. The agency must be affiliated with a national body – National Foundation for Credit Counseling which requires strict quality.
2. Agency must be accredited by an independent third party such as council on accreditation.
3. The agency must be a 501(c)(3) nonprofit community organization to be legitimate.
3. Services must include: budget counseling, debt counseling, housing counseling, and the mandatory bankruptcy pre-filing and pre-discharge counseling.
4. No fee should be charged before the service is provided. Set-up fee or monthly fee should be $50 or less, with monthly fees $25.
5. Counselor helping you must be a Certified Consumer Credit Counselors from NFCC.
6. Agency must agree to work with all of your creditors.
7. Debt relief options offered should have many other choices in addition to debt management plan.
8. The full amount of your payment must be given out to your creditors.
2. Agency must be accredited by an independent third party such as council on accreditation.
3. The agency must be a 501(c)(3) nonprofit community organization to be legitimate.
3. Services must include: budget counseling, debt counseling, housing counseling, and the mandatory bankruptcy pre-filing and pre-discharge counseling.
4. No fee should be charged before the service is provided. Set-up fee or monthly fee should be $50 or less, with monthly fees $25.
5. Counselor helping you must be a Certified Consumer Credit Counselors from NFCC.
6. Agency must agree to work with all of your creditors.
7. Debt relief options offered should have many other choices in addition to debt management plan.
8. The full amount of your payment must be given out to your creditors.
Finally, check with the Better Business Bureau and your state Attorney General if there are unresolved complaints about the service provider you are considering for your business debt consolidation loans.
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