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Consumer Credit Counseling Service

Consumer credit counseling is a service that provides counseling to individuals on how to work out a realistic budget and debt repayment plan to work with creditors. The goal is produce a manageable budget and repayment plan to ensure that debts are paid back over time. Consumer credit counseling services are usually non-profit organizations. When working with credit card companies, consumer credit counseling services may request a longer pay off period from the bank credit cards or a reduction in the credit card interest rates to reduce the overall credit card payments. Often the terms are not agreement with the original credit card application and though the credit card debt will be reduced faster the individual’s credit rating may be harmed.

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