Credit Counseling Service
Credit counseling services are organizations that provide financial advice and assistance to individuals and families who are struggling with debt. These services are typically provided by non-profit organizations that are dedicated to helping people manage their finances and get out of debt. Credit counseling services provide a variety of services, including budgeting advice, debt management plans, and debt consolidation. They also provide educational resources and workshops to help people understand their financial situation and make informed decisions about their finances.
History of Credit Counseling Services
Credit counseling services have been around for decades, but they have become increasingly popular in recent years. The National Foundation for Credit Counseling (NFCC) was established in 1951 to provide credit counseling services to individuals and families. Since then, the NFCC has grown to become the largest and most respected credit counseling organization in the United States. In addition to the NFCC, there are many other credit counseling organizations that provide services to individuals and families.
Table of Comparisons
Service | Cost | Timeframe |
---|---|---|
Budgeting Advice | Free | Immediate |
Debt Management Plan | $25-$50/month | 3-5 years |
Debt Consolidation | Varies | Varies |
Summary
Credit counseling services are organizations that provide financial advice and assistance to individuals and families who are struggling with debt. These services are typically provided by non-profit organizations that are dedicated to helping people manage their finances and get out of debt. Credit counseling services provide a variety of services, including budgeting advice, debt management plans, and debt consolidation. For more information, you can visit the National Foundation for Credit Counseling website or other websites such as Credit Karma, Credit Sesame, and Credit.com.
See Also
- Debt Management Plan
- Debt Consolidation
- Budgeting
- Credit Score
- Credit Report
- Debt Relief
- Debt Negotiation
- Bankruptcy
- Debt Settlement
- Financial Literacy