Nowadays, credit counseling is no longer the way to go when it comes to regulating your spending. Unlike in the past, credit counseling has now become a social service function. Think Guidance Counselor anyone?
The industry was known by the general term CCCS (Consumer Credit Counseling Service) and operated under the general guidelines of the NFCC (National Foundation for Credit Counseling).
As the world progressed, the credit counseling landscape has changed with it as well. Even if this is that case, more and more credit counseling services continue to flourish because of the simple fact that more and more people are in debt nowadays. Some credit counseling services could be very helpful though, but the majority just isn’t up to par. You may want to look into how debt negotiation works and compare it to credit counseling. Credit counseling you can do with a company while you can do it yourself debt negotiation.
While many credit counseling services are legit - the bad ones give the good ones a bad name.
1.It's better if a credit counseling service is associated with the BBB. You can check with the BBB to see if the company has a good record and if there have been any complaints filed by others. Membership in the NFCC (National Foundation for Credit Counseling) or AICCA (Association of Independent Consumer Credit Counseling Agencies) is also acceptable.
2. Don’t be silly. Debt Management problems need a long time to address. Therefore if a debt management counseling service tells you that you can solve your problems within just a couple of minutes, don't be fooled! This can never happen. Credit counseling takes 5-7 years and debt negotiation works in 1-3 years.
3. Be certain that the debt management company can help with all of your unsecured debt and don’t just deal with a few companies. Make sure that you are able to maximize the services your debt management counseling service is offering you to make sure that you are secured at all times.
Last 10 posts in Bad Credit Loans
- Solve Your Monetary Burden With Immediate Loans - June 19th, 2010
- How to Raise Your Credit Score Fast – Simple Tips To Improving Your Credit Score - May 27th, 2009
- Compare Credit Cards And Prevent Paying Too Much - April 23rd, 2009
- Canadian Student Loans Ideas - April 11th, 2009
- Points On How To Repair Your Credit Beacon Score - April 1st, 2009
- Discover Why Applying For a Low Interest Credit Card is Beneficial - March 30th, 2009
- My Credit And Bill Consolidation - March 23rd, 2009
- How To Raise Your Credit Score Fast - March 18th, 2009
- Tips For Dealing With Credit Reporting Companies - March 17th, 2009
- Tips To Buy A Home With Bad Credit - March 15th, 2009
There are no posts related to Which is better - debt negotiation or credit counseling.
25 comments
5 pings
Ed Trippany says:
September 18, 2010 at 5:13 pm (UTC -6)
do you have any update on this?
Backpacker Auckland says:
September 18, 2010 at 6:59 am (UTC -6)
Hello. Great job. I did not expect this on a Wednesday. This is a great story. Thanks!
Omnis Network Review says:
September 15, 2010 at 7:18 pm (UTC -6)
Thank you for making this blog post.
aerial photography arizona says:
September 13, 2010 at 12:04 pm (UTC -6)
Will it be ok to use your feed on my site?
orthophotography says:
September 8, 2010 at 5:17 pm (UTC -6)
Nice post! I love your blog, is it ok to utilize it for Rss or atom?
Resveratrol Supplement says:
September 7, 2010 at 11:34 pm (UTC -6)
I liked the article, I’ll be back to read more of your blog later =)
Donnell Mcdougle says:
September 6, 2010 at 4:24 pm (UTC -6)
Good posting! I like your blog site, would it be acceptable to try it for feed purposes?
Hiphop Recording says:
September 3, 2010 at 6:08 pm (UTC -6)
Good posting! I really like your site, will it be ok to try it for resyndication?
flat fee mls says:
September 3, 2010 at 7:54 am (UTC -6)
Thanks for posting and sharing with all – Cheers
Clarence Mcgeehan says:
August 30, 2010 at 9:05 am (UTC -6)
You…are…awesome! This web site is so excellent. I genuinely hope far more folks understand this and get what youre saying, due to the fact let me tell you, its essential stuff. I never wouldve believed about it this way unless Id run into your blog. Thanks for putting it up. I hope you might have excellent success.
kid boots says:
August 25, 2010 at 7:53 pm (UTC -6)
thanks. Its very interesting and unique article.i liked the topic one on the Mosaic backsplashes. we’d love you to visit our blog at :BuyBoots.Org.Uk Good article Thank you so much.
Scottie Zieman says:
August 25, 2010 at 1:43 am (UTC -6)
Alton, thank you for the detailed and well thought out response! That is exactly the sort of conversation I want to see grow out of CV!
russian women to date says:
August 24, 2010 at 7:55 pm (UTC -6)
Dear admin, thnx for sharing this blog post. I found it wonderful. Best regards, Victoria…
strong cheap fence says:
August 23, 2010 at 2:18 pm (UTC -6)
I can see that you are an expert at your field! I am launching a website soon, and your information will be very useful for me.. Thanks for all your help and wishing you all the success.
par dr abdelfattah abu says:
August 23, 2010 at 11:56 am (UTC -6)
This is a really good read for me, Must admit that you are one of the best bloggers I ever saw.Thanks for posting this informative article.
dan miller says:
August 23, 2010 at 10:15 am (UTC -6)
Thank you! Your words and insight on this situation are brilliant! Unfortunately, too many people are branding him a hero…
lenen zonder bkr toetsing says:
August 15, 2010 at 9:40 am (UTC -6)
Over de voor- en nadelen van het afsluiten van een lening zonder BKR-toetsing.
lenen says:
August 14, 2010 at 8:46 am (UTC -6)
U wilt geld lenen zonder BKR toetsing? De opties hiervoor worden groter, kijk verder en ontdek hoe u wél geld kunt lenen, snel & eenvoudig.
hypotheek says:
August 12, 2010 at 4:47 am (UTC -6)
Hypotheek informatie, hypotheek aanvragen of afsluiten? Hypotheekrentes bekijken. Hypotheek aanbieders vergelijken, hypotheek vormen, bijkomende kosten,
Denny Ledue says:
August 4, 2010 at 12:42 pm (UTC -6)
Major thankies for the article post.Much thanks again. Really Great.
Ellyn Polaski says:
August 4, 2010 at 7:29 am (UTC -6)
Learned some cool stuff.
key west scuba says:
July 31, 2010 at 12:14 am (UTC -6)
I love everything about this! Woo!
tips get pregnant twins says:
July 29, 2010 at 11:26 am (UTC -6)
I just couldnt leave your web site before saying that I genuinely liked the quality information you offer to all your visitors. Will be back usually to check up on new information in you article!
Chang Kleve says:
July 3, 2010 at 1:09 pm (UTC -6)
Hey there, I am viewing this site from the iPhone and it appears kinda weird. Thought you’d want to know. It is a terrific piece of writing however, didn’t mess that up.
consolidate credit debt says:
February 14, 2009 at 8:03 am (UTC -6)
An interesting read – some good tips here
http://topwebhostingcoupon.com/ says:
October 28, 2010 at 4:27 pm (UTC -6)
Title…
This is my Excerpt…
classic toys says:
October 5, 2010 at 2:36 am (UTC -6)
Thank you……
I NEED THIS INFOMATION….
low carb diet plan says:
October 4, 2010 at 5:57 pm (UTC -6)
Thank you……
Finicky place of duty, I gonna bookmark this bleep. Credit on behalf of info…
Which is better - debt negotiation or credit counseling « Negotiation says:
February 15, 2009 at 5:59 am (UTC -6)
[...] Originally posted here: Which is better – debt negotiation… [...]
Credit Crunch » Which is better - debt negotiation or credit counseling says:
February 14, 2009 at 6:55 am (UTC -6)
[...] Mortgage Blog wrote an interesting post today onHere’s a quick excerptDebt settlement vs credit counseling Nowadays, credit counseling is no longer the way to go when it comes to regulating your spending. Unlike in the past, credit counseling has now become a social service function. Think Guidance Counselor anyone? The industry was known by the general term CCCS (Consumer Credit Counseling Service) and operated under the […] [...]