Non profit credit counseling agency can help
Debt levels are at their worst in America. Consumers who own
more than 3 credit cards often find themselves robbing Peter to
pay Paul. Non profit credit counseling agencies are a good place
to begin. A consumer counseling agency will provide you with
necessary guidance to set up a payment plan and to help you make
easy payments.
When do you need help from a non profit credit counseling
agency?
A> You have worked really hard on your efforts but success just
seems to be a distant cousin.
B> Per your budget and
calculations, it will take more than 5 years to pay for the
debt.
C> You find yourself not able to pay even the minimum
due each month on your credit card bills.
D> Collection
agencies call you at your home or office.
How to choose a non profit credit counseling agency?
With
the plethora of credit counseling agencies that exist today, it
can be a daunting task to select the right one. The agency you
select should be affiliated with the National Foundation for
Credit counseling.
You might also want to contact your local BBB and find if there
were any previous complaints against them and how they were
resolved. Avoid companies having too many complaints.
Additionally make sure they are licensed to provide credit
counseling services in your state.
Know your credit counselor not just the counseling company.
Ask for the counselor who will handle your counseling, his
experience in the relevant field and his accredition.
Ask the counselor how he is paid.
Ask if the credit
counselor is paid on salary or commission. If the counselor is
paid commission, then they might push you into accepting a debt
management plan (also known as the DMP)
I hope the above outlined information will be helpful in
selection the right credit counseling organization. Good luck in
your endeavor.
Bill Smith is a debt counselor for Ameri debt
consolidation services. Visit us at http://www.americredit
services.com/ and http://www.americreditservices.com/credit-coun
seling/credit-counseling-1.htm for non profit debt
consolidation services.