Credit Card Counseling
What is Credit Card Counseling?
Credit Counseling is the process of working with a credit counselor to pay off your unsecured debts, often through a debt management plan.
Who does Credit Counseling?
Credit counseling organizations are usually non-profit organizations. Typically, their counselors are certified and trained in the areas of consumer credit, money and debt management, and budgeting. Counselors discuss your financial situation with you and help you
develop a personalized plan to solve your money problems. Here are some examples of what credit counselors might do:
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Advise you on managing your money and debts
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Help you develop a budget
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Help you get a copy of your credit report and scores
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May offer free educational materials and workshops
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Organize a “debt management plan” to pay down your debts
How do I find a Credit Card Counselor?
Most credit counselors offer services through in-person meetings at local offices, the internet, or on the telephone. To get started, you can try the Financial Counseling Association of America, on their website fcaa.org or by phone at (800) 450-1794, or the National Foundation for Credit Counseling, on their website, nfcc.org or by phone at (800) 388-2227.ganizations. Typically, their counselors are certified and trained in the areas of consumer credit, money and debt management, and budgeting. Counselors discuss your financial situation with you and help you
Once you’ve developed a list of potential credit counseling organizations, check them out with your state attorney general and state consumer protection agency. Ask the counselors for free information about their services.