Credit Counseling?

Credit Counseling?
July 21, 2016 Creditcupid

Credit Counseling

 

Credit counseling can be a great resource for many consumers. Speaking with a certified credit counselor can give consumers many tools; smart budgeting techniques, the ability to understand their credit reports, and perhaps most important, assisting them in getting back on the track to financial wellbeing. 

As appropriate, a credit counseling agency can enroll a consumer in a Debt Management Plan (DMP).  With the approval of the consumers’ creditors, the consumer is enrolled in a repayment plan to repay debts in full. In return, the consumer will likely receive a reduction in interest rates on their debt as well as the cessation of late fees. Plans are typically set to be repaid in five years.

But credit counselors do much more than that. They provide counseling on various types of debt, including student loans and mortgage debt. While credit counseling agencies do not lend money, counselors can certainly walk a consumer through a budget to ensure the consumer can afford payments for the loan s/he is applying.

You visited www.creditscoredating.com   because you want to improve your love life. Visiting www.fcaa.org is the best thing you can do to improve your holistic financial wellbeing. 

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