Come Face to Face With Agencies Through Inquiry

Asking questions never hurts, especially when it's in the interest of ameliorating your finances. Ask counselors, screen them, even grill them. A reputable counselor will assist you and direct you toward solutions, not direct you down avenues where they can profit from you. This said, see how counselors are getting paid; is it on a commission or through a salary? The latter is preferred as counselors are working on a base salary income, not making money derived on how much they sway you or get out of you.

Most credit counseling agencies state they will work with your creditors to mend your situation. But, will they? To find out, ask your creditors directly if they'll work in tandem with agency X to negotiate lower fees, decreased interest rates and an overall payment restructuring. Make the direct call yourself to creditors and see if it's possible.

You can also gain confidence. Do this by researching a few credit counseling agencies by checking their current statuses and backgrounds through the BBB or Better Business Bureau. Be weary of complaint-heavy agencies, avoid them at all costs.

Clearly, what's not needed in a situation where credit debt is making you consult credit counseling is more trouble. Be aware of the financial agencies dressed like lambs, yet acting as wolves. Be careful when looking and shopping for a credit counseling agency; keep a keen eye out for devious ones. And above all else, ask questions to weed out those trying to benefit off your financial misfortunes. Inquire from all angles to a handful of agencies and it's certain you'll be able to decipher who's playing dress up and who's honestly working to fix you up.

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