Debt Counseling - Don't Fall for the Scams

If you are overwhelmed and decide to seek the services of a debt counseling agency, make sure you find a good one. Before we delve into this topic, let me say that every trade has good people and bad people. Unfortunately, some debt counseling agencies give the good ones a bad name. With that said, there are PLENTY of legitimate Debt Counseling organizations that will help you manage your money and develop a budget that is suitable to your situation. The first thing to do is RESEARCH. Look for a debt counselors in your area of residence that will work with you face-to-face. You may want to check with the State Attorney General or the Better Business Bureau (BBB) to get a sense of their reputation. Both sources can tell you if complaints have been filed against the counseling agency. The FTC recommends asking questions such as the following, when looking for a good credit counseling service: