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Finance & Spending Blog

What is Non-Profit Credit Counseling

12/11/2017

1 Comment

 
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Have you ever heard of nonprofit credit counseling? If you suffer from debt, then this is a term that you should be familiar with. Why? Well, because non-profit credit counseling agencies can help alleviate your debt. ​
What is Credit Counseling?
Credit counseling agencies provide an array of services that are geared to help you pay off debt and better manage your finances.
The primary objective of credit counseling agencies is to help you gain control of your finances. Credit counseling agencies provide financial services such as budgeting, debt managements, and bankruptcy and mortgage counseling.
When you work with a credit counseling agency, you are placed with a credit counselor who you will work with every week. You and your counselor will formulate a plan based on your budget.
Your counselor will negotiate lower interest rates, lower monthly payments, and can even help with consolidating your loans and credit cards.

What to Look for In a Non-Profit Credit Counseling Service
If you’re considering contacting a credit counseling service, the following are a few things that you should look for:
  • Non-profit Status
  • Certified Counselors
  • State License
  • Accreditation

Above are just a few things that every legitimate credit counseling service should have. When it comes to financial matters, there are always dishonest businesses that are out to prey on vulnerable consumers. Be vigilant and thoroughly research any company before conducting business with them.
​

Conclusion
Living with the burden of debt can be stressful; however, there is help for you. Working with a reputable credit counseling agency can help to make your debt more manageable and bolster your credit score. If you’re using more than 30% of your available credit or have more expenses than income, then it may be time to seek out the help of a credit counseling agency.
​Check out our video on Debt Management & Credit Counseling
1 Comment
Camille Devaux link
8/9/2018 04:00:10 pm

I have never used a debt counseling service before and would love some insights into what to look for in a service. It helps a lot to know that accreditation is a great quality for this planning service to have. Financial matters are best left in the hands of professionals, so I will be sure to find one that meets this criteria.

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Accredited 501(c)(3) Non-Profit Credit Counseling Agency
17520 West 12 Mile Road Suite 105 Southfield, Michigan 48076
Tel: 248-200-2106 // Toll Free: 1-855-378-8989 // Fax: 248-200-2108 9am-5pm EST
Michigan License No. 0014319

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  • Home
  • Client Login
  • Our Mission
  • Testimonials
  • Debt Mgt. Program
    • Debt Calculator
    • Interest Calculator
    • Amortization Calculator
    • Loan Calculator
    • APR Calculator
    • Payoff Calculator
  • Bankruptcy Counseling
    • Disclosure Form
  • Blog
  • Privacy Policy