Credit Card Debt Settlement FAQ's
National Debt Settlement Services
How Active Duty Service Members Can Get Debt Relief
Debt Settlement for Authorized Users
Debt Relief and Stopping Collection Agency Harassment
Steps for Self-Debt Relief- How to Reduce Your Debt
How to Rebuild Credit after a Debt Relief Program
Negotiating with Debt Collectors
Lower Payments with Debt Relief Programs
Similarities of Credit Card Counseling and Chapter 13 Bankruptcy Debt Relief
How Credit Counseling Debt Relief Works
The Ideal Client for Credit Counseling Debt Relief
Exploiting Non-Profit Debt Relief Status
Why So Much Bad Press for Not-For-Profit Debt Relief Companies?
Failure of Non-Profit Debt Relief Companies to Provide Educational Resources
Abuses of Non-Profit Debt Relief Companies
Finding the Best Credit Counseling Debt Relief Company
Debt Relief for Unpaid Credit Card Debt
Bankruptcy Attorneys Posing as Debt Relief Companies
Avoid Bankruptcy: You May Have to Pay the Debt Back Anyway
When a Bankruptcy Alternative Won
Filing Bankruptcy as a Last Resort
5 Reasons You Should Avoid Bankruptcy
Debt Relief Through Bankruptcy Just Got Harder
Common Mistakes made by Consumer Seeking Debt Reduction and Debt Relief
Saving Your Marriage with Debt Relief
What Makes Up My Credit Score?
Top 5 Reasons People Need Debt Relief
Increasing Minimum Payments to Reduce Debt
Debt Reduction the Snowball Method
Managing Debt - What Are My Options?
Debt Settlement and Consolidation Program
Credit Counseling
Creditor Terms, Not Yours
Credit counseling is a debt management program where you engage a credit counseling agency to negotiate with your creditors on your behalf at an interest rate lower than you are currently being charged. The credit counselors refer to the terms dictated by the creditors to determine the payments or interest reductions that will be offered.
Credit counseling agencies charge clients service fees and also receive compensation from the creditors. These agencies are usually set up by the credit card companies in order to collect as much of the debt as possible. Though they hold non-profit status, their profit beyond operating expenses goes back to the credit card companies.
The goal of credit counseling is to help consumers who are burdened by unsecured debt to pay off their debts in a planned, reasonable amount of time and usually within four to five years.