A budget analysis will be completed, so it’s important for you to have an idea of what your monthly expenses are and what you outstanding debt is. You will need to know what loans you have outstanding and what your current balances are on your credit cards.

If you cannot make a payment while in a credit counseling program notify your debt advisor as soon as possible. Their job and goal is to help you handle situations like this.

This is not a straightforward answer.  Everyone’s length of time with the program depends on their unique situation. There are several factors that must be considered. Two of these factors are the creditor and the debtor. It depends on how much debt you have and how much you are able to pay back each billing period and whether the creditor will accept the terms under which you can pay back your debt. Typically consumer credit […]

Credit counseling offers education to clients about how to avoid debts that cannot be paid off and have specific programs that reduce your interest and combines your debt into one payment which is distributed to your creditors.

Debt management is a formal agreement between the debtor and the creditor. It is any program that helps you manage and pay off your debt at a reduced amount over a period of time.

Every debt management program, including credit counseling, has its advantages and disadvantages. Our debt advisors can help you understand all your options, including credit counseling, so you can find the solution that makes sense for your financial needs.