Thursday, November 15, 2012

How to Choose a Consumer Credit Counseling Agency

Credit CardsA consumer credit counseling service can help anyone get out of a financial bind. This service exists to give the financially troubled hope. Yet it?s important to make the right choice when choosing with organization to go with. You want to pick an agency you can trust and who will hold to their promises. Following these steps might just save you a lot of frustration!

Some simple guidelines

When choosing a consumer credit counseling agency, you need to determine their level of experience. How long a company has been in the business will affect how well they perform their service. The knowledge that comes with experience means they are in a better position to handle your situation and provide solutions.

Check if the agency is a member of a professional group like the Better Business Bureau. This way you can ensure that they are a certified agency.

Try to be aware of the services incorporated in to available packages as well as their corresponding prices. Services on offer may include counseling, budgeting, financial management and workshops. Knowing the price for each service will help you determine what suits your budget whilst considering the package you are after.

Consumer credit counseling services are not free, so make sure you don?t go beyond your resources.

Familiarize yourself with the agency?s process. Ask questions like:

  • Is there a fee to enroll?
  • How safe is my money?
  • What is the auditing process?
  • Are any additional charges or fees?
  • How long will the services take to be completed?

What to look for in a consumer credit counseling services agency

The agency of your choice must have a counselor that is certified.

Contracts should be totally transparent so you can understand all the information, including the fees and process details. The contract should include all fees involved like enrollment fees, monthly fees and any other extra fees.

Choose an agency who will work efficiently with your creditor. Make sure that they can provide practical solutions for your debt.

Ask if they have a portfolio detailing the results of previous clients they have?successfully?worked with. This can help you identify if they have experience handling situations like yours.

The services of a consumer credit counseling agency can be a blessing in the face of financial difficulty. Don?t let your company head to insolvency or let yourself suffer from bankruptcy without first seeking the advice of a consumer credit counseling service. By doing your research you can make the right decision in your choice of agency, and find some reassurance about your financial future!

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About the Author:

Lika Salis has been a finance writer for the past three years. She is the author of the site: www.onlinepaydayloansguide.com that provides valuable information about loans and what to look for to avoid being a victim of fraud and swindling.

Source: http://www.informationgateway.org/choose-consumer-credit-counseling-agency/

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