By Joseph Nykoluk:

Part 1 – What Will A Good Credit Counselor Do For You

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One good thing that you could do is go to various news sites and key in a search term like “credit counselor” or “credit counseling” and see what comes up. One thing for sure is that what you read is pretty current, sometimes only hours old. That’s what I have done. Recently there is been criticism of how some credit counselors act when trying to win you over to sign up with them.

Some of the criticism surrounded issues as to their effectiveness as well as to their legality. On the other hand you will also find Read the rest of this entry

By Joseph Nykoluk:

Assuming you have already found a good credit counselor to help you pay off your debts, you will want to know the process they will go through so that they act in your best interests.

Process #1

First off the credit counseling service will contact your creditors and start negotiating with them to create a debt management plan specific for your needs. The goal of a successful plan set up by your counselor is to Read the rest of this entry

Needing a good credit counseling service and actually finding a good service are two different matters. So, how can you find a good counseling service you can be happy with?

The first thing you should check is that they belong with the BBB, the Better Business Bureau. When looking at their website look for the BBB logo and make sure that it links to the Better Business Bureau. When you go to the BBB site to Read the rest of this entry

If you’ve ever been in a money jam you may have considered employing credit counselors or debt consolidators in a bid to cure you of your money problems. Money problems can be caused by recessions, inflation, high interest rates and bad money decisions. Everyone wants your money because they know you will give it to them if they have something they think you want but not necessarily need.

You may need help but there are a lot of other people and companies out there that also know you need help. But like anything else, Read the rest of this entry