Living paycheck to paycheck? Worried about how to get out of debt? Can’t seem to develop a workable budget, let alone save money for retirement? If this sounds familiar, you may want to consider the services of a credit counselor. Many credit counseling organizations are nonprofit and work with you to solve your financial problems. However, it is important that you know how to choose a credit counseling service.
Tips on How to Choose a Credit Counseling Agency
First of all, when it comes to credit counseling, it is always better to have one-on-one interaction. This way, you can discuss your specific problem with a certified counselor and get your very own personalized solution.
Reputable credit counseling organizations advise you on managing your debts, help you develop a budget, and usually offer free educational materials and workshops.
Nonprofit credit counseling agencies, such as ACCC, have counselors who are certified and trained in specific financial areas. These include, but are not limited to, consumer credit, money and debt consolidation options, and budgeting. Counselors discuss your entire financial situation with you and help you develop a personalized plan. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.
A reputable credit counseling agency should send you free information about itself and the services it provides without requiring you to provide any details about your situation. Consequently, if a firm doesn’t do that, consider it a red flag and go elsewhere for help.
Once you’ve developed a list of potential counseling agencies, check them out with your state Attorney General, local consumer protection agency, and Better Business Bureau. They can tell you if consumers have filed complaints about them.
If you are trying to figure out a way to getting out of debt fast, this may be the time you speak with a certified counselor. Be thorough with the checklist on how to choose a credit counseling agency.
Schedule a free credit counseling session with us today.