Consumer credit counseling is a good way to get your credit back on track especially if it is done right.
Doing some research will help you find the right company for you.
You will want to make sure that the credit counseling company that you use has a reputation for helping its customers.
If the company wants to use any of the money that you send them for anything other than paying down your debt for you, do not use them.
There is one counseling service that claims you need to make a charitable contribution to their company before they will begin helping you.
So while you are giving them money to pay down your debt, they have taken your money and used it for their own purpose.
You can expect a good, reputable company to help you formulate a budget for your spending as well as negotiate with your creditors to lower your debt, reduce or delete any late fees that you have accumulated or lower your monthly payment.
You will pay the service one set amount every month.
They will then break down the money that you pay them and distribute it to your creditors on your behalf.
Choosing a service that is certified by the National Foundation for Credit Counseling Services or the Association of Independent Consumer Credit Counseling Agencies will help you find an agency that will truly help your situation and not just take your money.
Members of these associations are put through a long hard process for accreditation.
They are performed by third-party organizations that carefully review the operating policies and practices of the credit counseling agencies as well as the effectiveness of their counseling.
By working with a reputable service you can get your credit back on track.