Consumer counseling credit card consolidating credit debt
Information should be available free of charge and the organization should provide a document, brochure or link to a description of the range of services offered.
The counseling agency is typically part of an accreditation group, such as the National Foundation for Credit Counseling (NFCC) or the Association of Independent Consumer Credit Counseling Agencies (AICCA).
Also, do you have any experience with debt consolidation and/or consumer credit counseling?
I’m not entirely sure of her complete financial situation, and she’s hesitant to disclose everything to me.Up to 15 percent of what is collected can be returned to the agency.Under Internal Revenue Service guidelines, a non-profit agency may only collect up to 50 percent of its revenue from those payments.Their counselors are trained in budgeting, debt management, spending habits and financial education.They should also be well-versed in collections, consumer rights and responsibilities and bankruptcy.
Credit card debt was on the rise and many new organizations entered the business.