When you need help getting out of debt, you might start to reach out to many different types of debt relief programs, and each one may sound promising. However, finding a consumer credit counseling agency should be based on specific criteria that makes it both legitimate and credible. This is crucial to the debt relief process.
If you’re trying to pay off debt, look for these qualities in a credit counseling agency.
What is Credit Counseling and How Does it Work?
When you contact an agency such as American Consumer Credit Counseling, a professionally trained and certified counselor will help you evaluate:
- Your current financial situation.
- Provide you with a detailed review of your income, assets, and expenses.
- Provide personalized options based on your goals, which may include social service referrals, educational materials & resources, and a Debt Management Program.
What to Look for in a Consumer Credit Counseling Agency
Choosing an agency is a large portion of the debt relief process. The following video explains what you need to keep an eye out for in an agency.
Does Consumer Credit Counseling Hurt Your Credit Score?
Simply speaking with a counselor for a consultation has no affect on your score. As a result of your counseling session, a debt management plan might be the best choice to get out of debt. However, certain steps within a plan could have an impact on your credit score in the short run. These steps might involve closing your credit accounts that in turn can hurt your score. Keep in mind that your score will come back up over time with positive credit behaviors.
If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.
