Sometimes when someone has a problem with the amount of money they keep spending, they end up going into debt. In order to control the amount of money they spend people of go into credit debt counseling. This is when someone sets up for you a system to help you not spend so much money in the future. They will often fix you up with a counselor, and give you a set rate for your new consolidation loan. This loan helps you to get out of debt and hopefully stay out of debt in the future. Yes, many people do rebound but credit debt counseling is a system that for someone that does want help, it is available to them.