Consumer Credit Counseling
Consumer credit counseling is a big service field in the United States. Every year, more than one million people visit credit counselors or credit counseling agencies. They want help to get rid of their credit card debts and regain financial control. Consumer credit counseling services is a mystery to many. They do not know their working processes and the services which you should get from them when you hire them.
The first and foremost thing that you should know is that these services do not work for you. They work for the lenders. This means that they might have a relationship that will influence their advice. They may suggest loans from a specific lender as they probably get a commission from it.
Always Ask Questions
Here are some questions you should ask to your consumer credit counseling service agency.
- The first question you should ask is how much will they charge you for their service. Many services charge more than $100, which will not go to any of your creditors. So be aware and ask your first question about their fees.
- Confirm that the consumer credit service you are to join is registered with a financial institution or not. Most of them don’t have any qualification to work with credit problems.
- Inquire about all the services offered at your agency. Avoid companies which offer you a quick solution to your credit problems. Getting rid of debt takes time and there is no fast fix. Be sure to pick the right service for your needs.
- Before joining any consumer credit counseling service, read testimonials and reviews of agencies previous or current clients. This step will surely help you to choose the right consumer credit counseling agency. Most of the consumer credit counseling agencies have their official website, where you can find testimonials. If any friend of yours faced any financial problem and ever visited any consumer credit counseling service, don’t hesitate to ask them. As they are experienced, they will help and guide you the right way.
With diligence, patience, time and proper credit counseling you can become debt free.
