Consumer Credit Counseling helps you with budgeting and debt repayment options, as well as helping you to avoid filing bankruptcy.
CCCS Debt Relief Review
The majority of CCC agencies offer confidential budget counseling, and debt management programs. Debt management programs, also known as debt consolidation programs, are available on the Internet, by telephone and in person. Reputable agencies only charge a small fee … don’t fall for requests for a big fee!
What Does CCCS Do?
There are so many CCC agencies, it would be impossible for us to tell you what each one will, and will not do. Our review of CCC is an overall view of their offerings with more details provided about the Debt Management Program.
Get free credit repair advice to help you overcome your debt. Know All Your Options.
CCCS agencies have set up alliances with major creditors
- reduce or eliminate interest
- stop late payment fees
- reduce monthly payments
- educate consumers on money management
- negotiate debt repayment plans
Creditors participate because it is in their best interests for you get out of debt without bankruptcy. In most instances, if you file Chapter 7 Liquidation Bankruptcy, unsecured creditors won’t collect anything. Read about Jane’s experience with counseling:
When I first got my first credit card, I went out of control and started using it without thinking too much in how I would pay all that afterwards.
After a few months I was having many financial troubles because of this and thought I would never end this story.
My cousin recommended me going to credit counseling, I didn’t at the time… but since he insisted so much I agreed to go… they made me realize I was damaging my credit record, which could be impacted for up to ten years and that nothing good could come from getting calls from creditors demanding payment every month.
They helped me to manage my financial resources with responsibility… it wasn’t easy, but after a year I got to reduce my debt and learned how to handle my finances.
How Does Credit Counseling Affect Your Credit?
Once you have made regular monthly payments to the Counseling Agency for several months, your debt counselor should be able to negotiate with your participating creditors to have your accounts re-aged and the status updated to current on your credit file. This will go a long way in keeping your credit file in decent standing while you get out of debt.
Brianna tells you about how CCCS worked for her:
I had an excellent experience with credit counseling and debt consolidation.
After the recession, I found myself with over $65,000 worth of credit card debt. I was behind in all my payments. Credit counseling helped me work out a plan with the credit card companies to lower my payments, lower my interest rates and stop charging any late fees.
Less than four years later I have only three more payments to go and I will be completely debt free!
It’s been a struggle as the consolidated payments are quite high, but the payoff has been completely worth it. Plus, I’ve learned how to live cash only and have been able to stay out of debt.
How Can I Pick A Reputable Counseling Agency?
You want an agency that has proven themselves by helping millions already and:
- has counselors that adhere to AICCCA standards,
- is non-profit,
- charges the lowest fees available, and, if possible,
- offers the convenience of online counseling and account management.
We recommend you check out the following if you aren’t sure whether to use settlement, consolidation or counseling to resolve your financial problems.
Get a free, no-obligation consultation with an accredited counselor who can explain the options to you and help you make the best choice:
Get free credit counseling advice to help you overcome your debt. Know All Your Options.