Consumer Credit Counseling Service

You can hardly turn the TV or radio on these days without hearing an ad for a consumer credit counseling service. Some claim to be able to lower your interest rate and raise your credit score in no time flat; others promise to help you form and stick to a budget, lowering your expenses and providing more money to pay off debt; and still others guarantee they can help you quit using credit and begin paying with cash on a regular basis. It is crucial to consider carefully before enlisting the aid any of these organizations. There are some that may not have your best interests at heart. In fact, while some of these consumer credit counseling services are non-profit and others are for-profit, many non-profits derive their income in the form of a percentage of what they recover for creditors. As a result, they are often more concerned with the benefit of credit card companies than they are of the consumer. Investigate these organizations thoroughly and even enlist the aid of an attorney if you are in serious economic trouble. They can help you discover which is the best option for you, even if you have already lost money to one of the less reputable services.

Fast Facts

  • Only 30% of those with credit cards pay off their balance every month.
  • On Average, an American household is $8,700 in credit card debt.
  • In fiscal year 2006, over 1.5 million Americans filed for bankruptcy.

consumer credit counseling service - Lawyers, Articles and Q&A

Search Results for "consumer credit counseling service"

Articles

Results 1-5 of 48 for "consumer credit counseling service"

  • Consumer Credit Counseling Service Information

    There are several reasons you may want to consider credit counseling....
    • Site: filingforbankruptcyonline.com
  • Credit Counseling Scams

    If things were bad enough for a consumer overwhelmed with debt, it seems that there are many “credit counselin...
    • Site: consumerprotectionlawfirms.com
  • Choosing a Credit Counseling Agency

    Most credit counseling services are reputable and are committed to helping consumers resolve their money troub...
    • Site: nolo.com
  • How to File for a Consumer Complaint

      When a consumer is dissatisfied, the first action they usually take to reach a resolution is to lodge a comp...
    • Site: consumerprotectionlawfirms.com
    • 1 of 1 user(s) found this useful
  • Where to File a Consumer Complaint

      Consumers are often frustrated by the lack of customer service when they attempt to complain about a product...
    • Site: consumerprotectionlawfirms.com
    • 2 of 2 user(s) found this useful

Q&A

Results 1-3 of 3 for "consumer credit counseling service"

Lawyers Near You

Type of Lawyer:
Bankruptcy change
Serving:
Los Angeles, CA change

View All

LA-WS5:0.9.17.120126.12696+