Don’t Make it Worse, Credit Repair
If you found that your counselor is not paying attention when you explain your financial difficulties and he did not ask you the questions to get further understanding on your debt problem and how to rebuild credit. What he is trying to do is propose their best debt management plan to you with a number of guarantees that your debt issue will surely be resolved if you enroll into the plan. Don’t ever trust him else you will regret once you sign up and hand over your money. You can easily find listings of credit counseling agencies in your city, or you can also go online and do a thorough search on the internet. However, you would have to be very careful in choosing the agency that will help you because there are many deceitful people out there who will not hesitate to run off with your hard-earned money. On the one hand, credit counselling can be a good way to resolve debt while avoiding bankruptcy. On the other hand, it can be like an onion; once you peel back the layers, you may cry after you see what you are doing. Consumer credit counselling service companies organize themselves as either for-profit or not-for-profit. Recently, not-for-profit Credit Counselling in America has been in the media and under the spotlight of the Internal Revenue Service (‘IRS’). The IRS has cracked down on some of the industry’s biggest players. Debtors feel more comfortable dealing with a non-profit agency than one with a more commercial focus. Most major credit counseling agencies flaunt their status as non-profits, but some fail to live up to that promise. Some unscrupulous agencies are using their non-profit status to lure in unsuspecting clients and to fleece them. Debtors need to look beyond the non-profit label and investigate the agency before enrolling in a credit repair program.
