If you’re reading this then you are, no doubt, considering a debt counseling service. So, are they worth it? Do they work? Are they a scam? I intend to answer all of these questions and more with this book as well as provide you with some solid methods of relieving your credit debt that you can implement before you try and contact a credit counseling service.
As for whether or not they are legitimate there is no clear-cut answer. Credit counseling services can help people get out of debt and totally turn their lives around. They can also be a complete waste of time and end up costing you thousands of dollars. It all depends on the company you choose and whether or not your debt crisis actually requires the attention of a debt counseling program in the first place.
First we’re going to discuss what exactly a credit counseling service is, what it is not and what it can do for you. This will probably be the biggest step in determining if a debt counseling service is right for you because most people don’t actually know what these types of services do and are often confused by the alternative names they can sometimes go by.
Once you’ve learned the basic functions of credit counseling services then we’ll need to take a slight detour into the world of bankruptcy. The credit counseling service’s main priority is to help you avoid bankruptcy so it’s extremely important to understand what bankruptcy is and how it can affect your life and your credit. This is a big step in deciding whether or not you actually need to bother with a credit counseling service or if your debt is too big and you need to consider this infamous but ultimately effective tactic.
Afterward we’ll discuss what you should be looking for when it comes to a credit counseling agency and how to spot a time-waster from a life-saver. This is especially important because there are legitimate companies everywhere and for every legitimate company there is one or two scam companies that really just want to take advantage of your desperation and pocket some change along the way.
We’ll then review some specific debt counseling agencies and give you some ideas of who you might want to go with should you decide that debt counseling is something that you require. Keep in mind that there are more companies out there and if you find that our suggestions do not meet your requirements you still may have luck finding one on your own if you use the skills you’ve learned from this book.
Our lest sections will deal with the steps that you can take to get rid of or reduce your credit debt as much as possible without consulting a credit counseling company. There are a lot of things that people can do all on their own to help dwindle down their debt and most people have no idea; they seek out credit counseling agencies because they don’t know what to do and they end up extending the length of their debt when they could have taken matters into their own hands.
Debt can be an excruciatingly stressful situation and millions upon millions of people face it every year; it’s far from uncommon! Carefully read this book cover to cover and you’ll have the information you need to make educated decisions regarding credit counseling services and even a few tactics and techniques you can use on your own to help get out of debt and start leading your life the way it was meant to be lead again!