What You Should Know About Credit Counseling
Credit counseling is a free service that many people with money problems have turned to in the face of financial ruin. Credit counseling companies negotiate with your creditors to reach financial solutions that benefit both you and your creditors. Often they are able to lower your monthly payments, reduce high interest, and eliminate late charges.
In addition to getting harassing collectors off your back, credit counseling can be an educational experience that you can carry with you throughout life. Whatever the reason for your financial problems, credit counseling can teach you how to avoid those problems in the future should you be faced with the same circumstances.
Credit counseling is confidential and rightly so as money is quite a private issue for most people. Some even find it difficult to have such intimacies exposed in credit counseling. Hopefully you will be met with a caring and professional credit counselor who can ease your worries and make you feel at home discussing your current financial situation.
One of the things that you should learn through credit counseling is how to make the most out of the money you have. How to stretch your dollar, so to speak. Of course this will help your current situation but it will also help you hold on to more of your money in the future and keep you out of situations similar to the one that brought you to credit counseling in the first place.
Credit counseling is not for everyone by any means. Some people simply don't respond to planning and budgeting and they are going to be frivolous with their money no matter what advice they get in credit counseling. It is best to go into credit counseling with a goal and a determination to reach that goal at any cost. It is not an easy undertaking to change your financial life and you should certainly go into it with both eyes wide open.
Timothy Gorman is a successful webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, bankruptcy and free credit counseling information that you can research in your pajamas on his website.
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DSG Rallies From 20-Year Low on Credit Suisse Rating (Update1) Bloomberg - Credit Suisse said the risk of financial failure by DSG is low as same- store sales would need to fall 15 percent this fiscal year, a ``pessimistic ... UK electronics retailer DSG's shares jump DSG rebounds on claim markets 'overreacted' DSG gets some respite after recent slide |
Credit market freeze may claim local governments as victims Los Angeles Times, CA - By Michael A. Hiltzik The worldwide credit market freeze may be claiming a new set of victims: states, cities and other government entities that issued ... |
Strategies for Car Shopping in a Time of Tighter Credit New York Times, United States - But for consumers, the credit crunch may have a silver lining. “Dealerships are desperate to sell cars,” said William Ryan, who follows the auto finance ... Six tips to help you speed away with a great car deal today |
CSS Industries, Inc. Announces Replacement of Revolving Credit ... MarketWatch - announced today the replacement of its $50000000 revolving credit facility, which was due to expire in April 2009, with a new $110000000 revolving credit ... CSS Industries, Inc. Announces Replacement of Revolving Credit ... United Refining Company Increases Bank Credit Facility to $130 Million |
ClearPoint Credit Counselors Offer Consumers a Free Vacation MarketWatch - Consumers, chilled by an economy in crisis and a credit market on ice, are opting to stay home. To help them make the most of a budget vacation, ... |
Continental Airlines Presenting at the Credit Suisse Global ... MarketWatch - will be presenting at the Credit Suisse Global Airline Conference Tuesday, Dec. 2, 2008. The presentation is scheduled to begin at 8:30 am (CT)/9:30 am (ET) ... US Airways Presentation at the 2008 Credit Suisse Global Airline ... |
S&P lowers Autoliv's corporate credit rating CNNMoney.com - NEW YORK (Associated Press) - Standard & Poor's Ratings Services cut Autoliv Inc.'s long-term corporate credit rating Friday, citing market pressures and ... S&P: PharmaNet Development Group Inc. Rtgs Withdrawn Standard & Poor's raises ratings on McMoRan Exploration |
Target: Credit Card Operations Strong Enough To Satisfy JPMorgan Deal CNNMoney.com - Delinquencies for Target's securitized credit-card portfolio are rising at historic rates, according to a regulatory filing by the retailer on Thursday. ... Target's Credit-Card Problems Could Lead To JPMorgan Role |
Dana Holding Corporation Secures Amended Credit Facility ... MarketWatch - announced today that it has received the requisite support of its lenders to amend the financial covenants for its $1.3 billion senior secured term credit ... |
Agencies cooperate on credit default swaps market Chicago Tribune, United States - Federal regulators are readying approvals for futures exchanges such as CME Group to enter the $50 trillion credit default swaps market by mid-December, ... North American credit markets in risky territory 3rd UPDATE: Harkin Seeks To Force Derivatives Onto Exchanges Regulating swap transactions blamed for meltdown |
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