Credit Counseling
Laws and legal information about credit counseling
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Credit Counseling Overview
When their debts become too much to manage, many people find themselves turning to a credit counseling service for help. Credit counseling services will provide advice on managing household debt. They can help consumers to develop a budget if they do not already have one. Many will also provide consumers with free education materials, workshops or seminars. A counseling service will review a consumer's entire financial situation with them and help them personalize a plan that can help save money and begin paying off their debts. A typical session will last about an hour but generally the individual may also elect to have follow-up sessions. Read more
Questions to Ask a Credit Counseling Agency
If you are considering working with a credit counselor for the first time, asking questions like these can help you find the best counselor for you. Read more
Credit Counseling in Bankruptcy Cases
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 launched a new era: With limited exceptions, people who plan to file for bankruptcy protection must get credit counseling from a government-approved organization within 180 days before they file. They also must complete a debtor education course to have their debts discharged. Read more