Finding a Good Financial Counselor
After reviewing your financial situation you have come to the decision that credit counseling may be the right choice for you.
The problem now is that there are so many to choose from how do you know if they are a reputable company. Here are a few considerations that you can use to ensure that you are choosing the right counselor for you.
Start off by asking what fees will be charged. This can all depend on what type of organization it is. Non-profit agencies typically offer smaller fees and their purpose is to help individuals over making money.
Make sure that you are working with certified counselors. Certified counselors have dedicated themselves to providing quality service. Make sure that the company is a member of a nationally accredited organization.
You will want a thorough explanation of how their Debt Management Plan works. Here are a few questions that they should be able to answer for you.
What is your monthly payment to them?
How much of it goes to your creditors and how much is dispersed if there is more than one?
How will they help you deal with your creditors?
What are your obligations to the program and what coursework is involved?
What forms of payment do you accept?
What debts are not allowed through your program?
Are there any specific creditors that you do not work with and what can we do about those creditors that you don’t work with?