Credit Repair: Credit Counseling

"Credit Counseling, Is It Something For You?"

What is credit counseling? In a nutshell, credit counseling is debt counseling. Trained, certified credit counselors work with those who are experiencing financial hardship. Should you find yourself in this situation, a counselor can design a customized, confidential debt management plan just for you.

They can suggest a budget and a spending plan, as well. They have the ability to negotiate with each of your creditors and can consolidate all of your un-secured debt into one affordable, LOWER, monthly payment. By working with a credit counselor you will see your debt shrink at a much faster rate and will no longer be plagued with credit collection calls.

If you are considering debt consolidation, see the folks at The Debt Consolidation Center. They will work closely with you to obtain a good debt consolidation loan.

Un-secured debt includes but is not limited to the following examples: credit cards, personal loans, signature loans, medical bills and accounts that have been turned over to collection agencies. Mortgages, auto loans and student loans are secure loans, therefore NOT eligible to be included in a debt management plan.

Credit counselors are able to put a stop to late fees and over-limit charges, lower or eliminate finance charges and re-age past due accounts. Many credit counseling agencies offer some type of credit education program, after completion of your debt management plan. Taking part in a program such as this will help to ensure that you do not find yourself in a financial hardship again.

Recently, there was a bankruptcy reform bill passed by Congress. It requires all those filing for bankruptcy to go through a credit counseling program BEFORE their petition can actually be filed. If you are thinking about going the bankruptcy route, consider speaking with a credit counseling service first. They will do their best to assist you in solving your financial dilemma without the black mark of bankruptcy, on your credit file.

If you are piled high in debt and already at the pont of bankruptcy, you should take a look at Howard O. Moreland's credit repair system, "My FREE Credit Repair." Howard provides a system where you may be able to repair your credit and reduce your debts yourself to avoid bankruptcy, all without having to pay for a professional.

Howard lays out a system for reparing your credit and signficantly reducing your debt. He provides two sample credit repair letters and shows you how to use them to get your life turned back around.

If you need to repair your credit or greatly reduce your debt, and you want to do it yourself, check out Howard's "My FREE Credit Repair" Now!

Unfortunately, there are credit counseling agencies out there that aren't on the "up and up." These agencies take advantage of consumers dealing with financial hardships by charging very high fees and/or not making scheduled payments to lenders, as the debt management plan stipulates.

Take the time to research several different credit counseling agencies. Ask questions. Check references. (A good place to start is the Better Business Bureau.) Ask those you trust for a possible referral.

When you make the decision to enroll in a credit counseling program you are taking the first step toward a debt-free future. Credit repair and a debt free future can be yours. Yes, it can be done!

For More Information

For more information to help you decide whether or not working with a Credit Counselor is right for you, also read Choosing a Credit Counselor.

If you need to repair your credit or greatly reduce your debt, check out Howard's "My FREE Credit Repair" guide and sample letters Now!

Find out how you can ERASE bad credit & reduce (or even eliminate) all your debts by sending just 2 simple, "magic" letters! Just complete each letter with your own specific information, and it's just that easy! If you're tired of having too much debt and suffering from bad credit (not to mention feeling like a second-rate citizen!), then get these 2 simple "magic" letters for yourself now! To learn exactly how you can .. Click Here