There are several ways in which people try to get out from under the weight of debt that is keeping them down. Most people have heard about various methods of credit card debt settlement which include debt negotiation and settlement, and these are often confused with the term consumer debt counseling. It is important that people understand the difference between the terms before deciding on a course of action to settle credit card debt. If a consumer turns to a counselor for help, that counselor is committed to working with the individual in order to find a way to lower the monthly payments towards outstanding debt in such a way that it is manageable.
Some people wonder at what point they should think about seeking out the services of a credit counselor. If you find that you are being called by bill collectors or collection agencies on a regular basis, it is probably the right time to go out and look for a good counselor.
First, keep in mind that not all credit counseling companies are created equal. There are hundreds of companies out there that offer these services, and while many are legitimate, some are scams that will result in the debtor in a deeper hole...