There are numerous credit counseling service providers available to consumers, and thanks to the increasing number of people who are struggling to get out from underneath a mountain of debt, there are new credit counseling organizations created regularly.
Even though the majority of counseling agencies are not for profit- you need to do some research if you are considering signing up for their services. There have been reports of credit counseling organizations keeping your entire first month payment (when you believe its going to your creditors), and each payment you make does include a portion of money thats kept by the credit counseling service (for operating expenses). You might also be surprised to learn that the majority of credit counseling services are funded by credit card companies- so of course, its in their best interest to try and get people to pay as much on their debt as possible, even if they arent able to afford the payments. Research will help you find a reputable credit counseling agency that really can help you decrease the amount of debt that you have.
Couldnt You Just Do it Yourself?
Some people argue against using credit counseling...
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