Consumer Credit Counseling
Financial Assistance At Little or No Cost!
Creditor Approved Repayment Programs
Consumer Credit Counseling Services are non profit organizations established to provide financial assistance to consumers at little or no cost. They work directly with debtors and creditors and will work out a manageable repayment program that is typically approved by most creditors to get the debtor out of debt.
In addition, as their name implies, they offer debt counseling services, typically at no cost, to ensure that debtors learn how to manage their credit card debt and other financial affairs. A debt counselor may suggest enrollment in a debt managment program.
It is also important to understand that debtors who are considering filing for bankruptcy must first go through a certified Consumer Credit Counseling Service prior to filing bankruptcy. All potential bankruptcy filers must now undergo credit counseling via an "approved nonprofit budget and credit counseling agency" prior to filing for bankruptcy. Chapter 13 filers must also complete a course in “personal financial management” prior to filing for bankruptcy.
The new Bankruptcy Act of 2005 requires that all consumers seeking protection to complete a bankruptcy counseling session and receive a Certificate of Completion before anything can be filed. This provision ensures that consumers understand all of their financial options, and that they have the necessary knowledge and tools to develop a sound financial plan for their financial future.
Consumer Credit Counseling Services can be found throughout the United States. To learn more we highly suggest that you complete the form on the right to apply for a FREE Debt Consultation. There is absolutely no obligations and a certified debt counselor can help you determine the best option for your particular needs.
Credit Counseling Articles
Before You File for Personal Bankruptcy: Information You Need To Know About Credit Counseling and Education Requirements
Mortgage Payments Out of Control? Here's What to Do
Credit and Your Consumer Rights
Practical Advice For Everyone On How to Save & Manage Money
Home Loans: How to Keep Costs from Going Through the Roof
Out of Work? How to Deal with Creditors
Credit Matters: A Primer on Credit Card Use
About Creditors
Avoiding Credit and Charge Card Fraud
Guide To Understanding Foreclosure
Deficiency Judgment (On Foreclosure Sale)
Insolvency: What It Means To Be Insolvent
Vehicle Repossession
Tips For Parents:Teaching Children The Financial Facts of Life
After You Retire: Managing Your Expenses on a Fixed Income
Ways to Cope Financially During and After a Big Change
Beyond The Statute of Limitation: Time-Barred Debts
Using Plastic: A Young Adult's Guide to Credit Cards
Consumer Financial Rights: Federal and State Laws
Refinancing: Tips for Mortgages and Other Credit
Write-Off: Uncollectable Debt
Helping Your Money Last... After Your Last Paycheck
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