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: