consumer credit counseling

Definition

Non-profit service provided to consumers that need assistance either reducing or eliminating debt and improving their credit scores. Consumers work with an accredited professional to evaluate all aspects of their credit to devise a plan to achieve financial freedom. Individuals may also seek using consumer credit counseling services to negotiate a debt settlement with creditors.

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Consumer credit counseling was the best thing I could have done to eliminate all of my debt in only a few short years.

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You should try to make sure that you are good with consumer credit counseling and that you can make it work well for you.

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After accruing over $20,000 in credit card debit, the young couple enter consumer credit counseling to develop a plan to pay off their debt and manage their finances better in the future.

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Consumer Credit Act, 1974 National Foundation for Consumer Credit