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Credit Counseling
There are two terms that consumers with blemished credit reports should be careful with: credit repair and credit counseling. Credit repair companies are to finances what car repair is to…
Pros and Cons of Debt Consolidation and Credit Counseling The short answer to that question is: Yes. As flippant as that sounds, it can’t be stressed enough that if your…
You’ve tried it all – eating Raman noodles twice a day, creating a budget, cutting your cable TV – but despite those efforts, your credit card debt kept growing and…
Nowadays, we do everything online. We pay the bills, shop for groceries, and order Chinese food without leaving the comfort of our couch. Doing things online is just plain easier…
What Is Credit Counseling? Credit counseling is a free service that provides help with budgeting, solutions for becoming debt-free, and tips for managing your money successfully. Credit counseling is offered…
Did you know there are laws to protect you from being harassed by debt collectors? From lying about your debt to pestering you repeatedly on the phone, the Fair Debt…
When you’re looking for financial advice, you would hope there are two things you can count on from the person on the end of the phone: They know what they…
So, you’ve finally taken the big step and enrolled in a debt relief program. Now what? If you’re going to succeed, you’ll have to alter the lifestyle that got you…
Debt management plans might be the most productive and least appreciated member in the family of debt-relief solutions that includes debt consolidation loans, debt settlement and bankruptcy. DMPs, as they are…
Bankruptcy and credit counseling both can be used to fight crippling debt and often they work together to resolve your problems. Laws demand that credit counseling precede a bankruptcy filing and before your…
Sources:
- Carrns, A. (2019, May 10) Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say. Retrieved from https://www.nytimes.com/2019/05/10/your-money/credit-repair-companies-complaints.html
- Porter, K. (2019, August 14) How do credit repair companies work? Retrieved from https://www.creditkarma.com/advice/i/credit-repair-companies/
- (2017, June 8) How can I tell a credit repair scam from a reputable credit counselor? Retrieved from https://www.consumerfinance.gov/ask-cfpb/how-can-i-tell-a-credit-repair-scam-from-a-reputable-credit-counselor-en-1343/
- NA, (2018, March) Fixing Your Credit. Retrieved from https://www.consumer.ftc.gov/articles/fixing-your-credit
- Brown, D. (2016, September 23) How to avoid credit repair service scams. Retrieved from https://www.consumerfinance.gov/about-us/blog/how-avoid-credit-repair-service-scams/