1 year, 8 months ago
Are credit counseling services legit?
It can be very overwhelming to have past due credit card bills and other expenses and not be able to pay them all. Many individuals find themselves in this situation at some point in their lives. Debt relief and credit counseling services offer to provide help, but are they really helpful? Do they just prey on people who are already in a bind?
What kinds of credit counseling services provide legitimate assistance for reasonable fees, if any?
What kinds of credit counseling services provide legitimate assistance for reasonable fees, if any?
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M$1 Answer
Credit counseling is what people with credit card problems need. However, they should see to it that they have not fallen prey to bogus credit counseling companies. In order to know how to choose the legitimate credit counseling companies, take note of these helpful tips:
1. Go search online. You can easily search and find quick solution over the internet. You visit forum sites, too because there are a lot of people who want to share ideas in connection to your concerns. And their feedbacks may be helpful to you.
2. Please know that genuine companies usually have a TASC symbol on their web pages. Look also for certifications and seals like that of Better Business Bureau (BBB) or Chamber of Commerce. Good and genuine companies embed these into their sites often and you can click those seals in order to verify its authenticity.
3. Avoid companies that offer to remove legitimate adverse info from your credit report in a short time or those that tell you not to pay your creditors.
4. Avoid companies that won’t discuss fees with you and those that demand an initial fee of more than $45.
5. Be extra careful with companies claiming to be debt settlement firms as they may only be after of your money. Please note that real credit counseling companies will only give you advice and will give you budget and credit training and set up a payment plan.
1. Go search online. You can easily search and find quick solution over the internet. You visit forum sites, too because there are a lot of people who want to share ideas in connection to your concerns. And their feedbacks may be helpful to you.
2. Please know that genuine companies usually have a TASC symbol on their web pages. Look also for certifications and seals like that of Better Business Bureau (BBB) or Chamber of Commerce. Good and genuine companies embed these into their sites often and you can click those seals in order to verify its authenticity.
3. Avoid companies that offer to remove legitimate adverse info from your credit report in a short time or those that tell you not to pay your creditors.
4. Avoid companies that won’t discuss fees with you and those that demand an initial fee of more than $45.
5. Be extra careful with companies claiming to be debt settlement firms as they may only be after of your money. Please note that real credit counseling companies will only give you advice and will give you budget and credit training and set up a payment plan.
images:
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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