Credit Counseling

Credit Counseling is intended for anyone trying to pay off debt, repair their credit rating, or learn how to manage their finances more effectively. It’s help the creditor avoid bankruptcy, as well as provide basic education on financial management. It is most often done by Credit counseling agencies that are empowered by contract to act on behalf of the debtor to negotiate with creditors to resolve debt that is beyond a debtor’s ability to pay. It may also involve analysis of a consumer’s financial situation, evaluation of debt reduction strategies for paying off or managing debt, and education about money management.