What to do if I can’t find credit counselor?

You can manage excessive debt by consolidating the debt to one bulk of loan in the lower rate. Tax laws give benefit for people that have own equity by take home equity loan to consolidate credit card balances, auto loans, and other personal debt. Your payment tends to be decreased, because you have to pay just the monthly interest to stay on. Unfortunately after consolidating, many people think them safe for their debt and take more credit card debt, and they are facing a lot of bills again. This is the worst cycle.

In other way, you can talk to a credit counselor. Legitimate credit counseling agencies charge you a fee, but they won’t guarantee about eliminating on your record. They will help you build a payment schedule with your credit card company and provide some tools that can gathering information of your debt and track your spending in the future. These companies can negotiate with your creditors for reduce your payments and lower interest rates. The process is you pay a monthly to the counseling agency and then they distribute the money to your creditors. Some of the 1,300 Consumer Credit Counseling Service Centers charge a nominal start-up or monthly fee for their services, while others receive a portion of the debtor’s payments to creditors as compensation for their services.

To find a good credit counselor, you can see National Foundation for Credit Counseling website (www.nfcc.org) or the Association of Independent Consumer Credit Counseling Agencies website (www.aiccca.org). Make sure you have understanding of any fees involved, check with your local Better Business Bureau to determine whether the agency you choose has a good customer service record.

Do your best for find credit counselor that suitable for you.