Introduction
Credit counseling services offers a whole range of services at their disposal. These range from budget counseling to debt management classes as well as setting up a savings plan for the future. Some even offer some of these things free of charge. Any credit counselor that starts by trying to sign you up for a debt management plan is not a credit counselor you should trust.
While a debt management plan is good for some people, for others it is a total disaster. While they can mention this one in their list of services, it should not be the one they push you towards without exhausting all the other possibilities first.
Many legitimate credit counseling services places do give out free information. While some have brochures and booklets that the teacher had a manager credit others even offer classes. At the very least they will have free information about themselves. This information will be available to you regardless of whether or not you sign up with them.
Even a legitimate credit counseling services can be myopic, and that's not the kind you want. True, they need to get you out of debt, but they should also give you the tools you need so you don't get back in a few months later. These tools can be anything from educational materials for classes to one-on-one counseling. These tools also essential if you're going to live a life free of needing credit counseling service in the future.
This is a very important question to ask any credit counseling services. While some offer their services for free because they're paid by the government or some other large organization that employs them, others to charge you. Some of these credit counselors work on commission while others work on salary. Under no circumstances should you work with commissions because that way its possible to make less money than working for a real company at a desk. Commissioned counselors are going to advise that you take the most expensive option, which is the best one for them, but not necessarily the best one for you.
Contract is not as scary as it sounds. Especially if your credit counseling service charges you monthly, you want it spelled out in writing exactly what your responsibilities are, how much money is due to them, and when it is due. The last thing you need is another angry creditor at your door, only this one would be worse. it would be the credit counseling service itself.
So now that you know little bit about what questions you should always ask prior to choosing a credit counseling services, you don't have to be unaware when you do choose one. If youre in debt over your head than a credit counseling service could be your way out but only if its the right one. Knowing what questions to ask and what the answers should be can help you pick the right one.
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