Online Credit Counseling – To Get Free Credit Counseling Services
Credit counseling is often equated with debt consolidation, though they are not necessarily the same thing. There are basically three ways that the counseling term is used. First, it can be the same thing as debt consolidation. Many companies use “credit counseling” as a nicer way to refer to debt. A second way that counseling can be a “good” term is to actually mean counseling. Many reduction companies and private financial institutions offer
credit counseling as a type of financial planning. Counseling can help figure out how much debt is owed and how to control debt in the future. In this sense, counseling should be apart of every debt reduction strategy. Finally, counseling can be a negative thing. The counseling industry is so profitable that dozens of new companies spring up each month. Many of them are operated by hucksters out to make a buck at your expense. Newsweek recently ran a story about the numerous complaints the FTC has received from consumers taken for a ride by
online counseling services. Because many of these companies care only about making a big profit, they don't bother to adequately train their counselors, or they hire telemarketer types that are
clearly unqualified to offer advice on debt and budgeting. Some counselors have actually told their clients to stop paying their car and home loans and send the money to the counseling service - these people had their cars repossessed and homes foreclosed! About 60 percent of those who sign up for
credit counseling drop out. You can find dozens of sites on the Internet where those who have participated in counseling warn those who haven't not to
sign-up.Ezconsolidation provide
Online Counseling Services for your bad debt solution. Please visit
www.ezconsolidation.com for the latest finance related news.
