People take their money very seriously. Once they realize that they are in a debt problem, they will do just about anything to get out of debt. If they realize they cant do it on their own, people often want to seek the advice of a credit counselor, but it is hard to know what to look for in a good credit counselor. Here are 4 signs of a good credit counselor that should help you in your decision Free or Cheap Good credit counselors are not going to charge you huge fees for their services. Most of the better credit counselors are from non profit organizations and they are normally free. If you find that you are being charged monthly for their services or that there are hidden fees in the check you write to pay off your debt each month, find a new credit counselor. More than just a check Many credit counseling and debt consolidation companies just take your money and pay your debts, end of question. A good credit counselor does just that; they counsel. They help you devise a plan that tells you how and where to spend your money; they essentially put you on a budget. If you need more counseling, a good credit counselor will give it to you. Advise you to close your cards This is a big one. Many credit companies help people pay off their debts, but dont advise them to close their credit cards or other forms of credit. This is important; if you want to stay out of debt; those cards need to be a closed. A good credit counselor will make sure you close them and set you up on a budget, so you dont need new credit cards. Timelines A good credit counselor will give you a timeline to pay off your debts. Every month you should receive a statement saying how much you paid, where it went and how much more you owe. If you are not getting this and you are just paying blind amounts of money, demand a statement. A good credit counselor will give keep you up to date on your progress. |
