-Credit Counseling is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan or Budget.
-Often involves contacting the creditor to negotiate a deal for the consumer
-Helps to workout a type of payment plan
-Usually offer reduced fees, payments and interest rates
-Payments can be cut up to 50% (10%-20% is common)
-Often involves contacting the creditor to negotiate a deal for the consumer
-Helps to workout a type of payment plan
-Usually offer reduced fees, payments and interest rates
-Payments can be cut up to 50% (10%-20% is common)