Home > For Small Business > {More Business Law} > Regulated Industries & Professions > Other Services > Personal Services > Credit Counseling 

Credit Counseling

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.


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.


Credit Counseling in Bankruptcy Cases

Last Updated September 16, 2008
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.

Credit Counseling - Selected State Laws

South CarolinaSouth Carolina Code > Title 37 > Chapter 7 - Consumer Credit Counseling
FloridaFlorida Statutes > Chapter 559 > Part II - Budget Planning
Florida Statutes > Chapter 817 > Part IV - Credit Counseling Services
Rhode IslandRhode Island General Laws > Chapter 19-14.8. Uniform Debt-Management Services Act
HawaiiHawaii Revised Statutes > Chapter 446 - Debt Adjusting
MinnesotaMinnesota Statutes Chapter 332B - Debt Settlement Services
NevadaNevada Revised Statutes > Chapter 676 - Debt Adjusting
Nevada Revised Statutes > Chapter 676A - Uniform Debt-Management Services Act
New HampshireNew Hampshire Revised Statutes > Chapter 359-D - Credit Services Organizations
New YorkNew York Laws - Banking > Article 12-C - Budget Planners
New York Laws - General Business > Article 28-B - Budget Planning
New YorkNew York Laws > Banking > Article 12-C - Budget Planners
New York Laws > General Business > Article 28-B - Budget Planning
North DakotaNorth Dakota Code > Chapter 13-06 - Debt Adjusting
North Dakota Code > Chapter 13-07 - Consumer Credit Counseling Services
South DakotaSouth Dakota Laws > Title 37 > Chapter 34 - Debt Adjusting
UtahUtah Code > Title 13 > Chapter 21 - Credit Services Organizations Act
VermontVermont Statutes > Title 8 > Chapter 83 - Debt Adjusters
VirginiaVirginia Code Title 6.2 > Chapter 20 - Agencies Providing Debt Management Plans

Peacock Myers, P.C.

201 Third Street NW, Suite 1340
Albuquerque, New Mexico 87102
Practice Areas: For Small Business, Intellectual Property
The Jaffe Law Firm
General Practice Law Firm

320 Gold Avenue SW, #1300
Albuquerque, New Mexico 87102
Practice Areas: Employment, Criminal Law, Family Law, For Small Business, Personal Injury
Wolf & Fox, P.C.
Full Service Law Firm

1200 Pennsylvania NE
Albuquerque, New Mexico 87110
Practice Areas: Family Law