Why Go For Credit Counseling Program | Akira Daily News

Article by Michael Johnson

Nowadays the demand for credit counseling programs and debt management programs has increased at a random rate especially after the recession. As a result, advertisements offering debt management services seem to be everywhere these days. There are a number of options available. But the question arises, what kind of consumer and in which kind of financial situations are credit counseling services best suited for?

Getting into debt requires no planning or experience. But getting out of debt is a different matter altogether. Credit counseling program is dedicated to empowering to gain control of your finances through education and counseling. Through a certified counseling process, the professionally trained and certified counselors will help you to evaluate your current financial situation and provide you with personalized options to relieve you of the stresses of debt.

During the counseling session, the certified credit counselor will review your income, expenses, assets and liabilities. This session will give you a clear and accurate picture of your financial situation. Your counselor will work with you to develop a reasonable and manageable spending plan, and short and long term financial goals. You will receive tips and tools for wise money management and credit use. You will also discover how to set achievable goals, calculate your net worth, create a livable budget and build a savings plan. In addition, the program facilitator will share with you how to obtain credit report, establish or re-establish credit, and protect yourself from indemnity theft.

Credit counseling services help the debtors to organize their finances so that they are able to pay off the entire amount to their respective creditors. The consumers discuss their financial details and situation with credit counselors who provide them with a long-term financial plan for paying off all their outstanding debts. To make things easy for the debtors, the credit counselors also try to negotiate for lower interest rates with credit card companies and other creditors.

How does credit counseling differ from debt consolidation or debt settlement?

The biggest difference between credit counseling and debt consolidation or debt settlement is the affect it has on the consumer?s credit rating. Debt settlement and debt consolidation companies assist the debtors by negotiating with creditors for big reduction in the amount owed in exchange of lump-sum settlements. Though it might be a good option for those who need not have to pay the entire amount but in the long run are tarnishing their credit rating to avoid getting bankrupt.

Who require credit counseling program?

The people who can opt for a credit counseling program include:

A debtor who has a satisfactory credit history.
A debtor who still has a steady income and is able to pay his or her expenses.
A debtor who has several unsecured debts with exceptionally high interest rates, such as credit card bills.
A debtor who is looking for a financial advice and assistance to maintain a well balanced budget.
A debtor who neither has the time nor the authority to negotiate with the creditors directly and is looking for a third party company representative to deal with his financial issues.

About the Author

Credit counseling offers the debtors an assortment of debt help and debt relief services. So if you wish to lead a debt free life, join a credit counseling program today.

Use and distribution of this article is subject to our Publisher Guidelines

whereby the original author?s information and copyright must be included.

Credit counseling offers the debtors an assortment of debt help and debt relief services. So if you wish to lead a debt free life, join a credit counseling program today.

Use and distribution of this article is subject to our Publisher Guidelines

whereby the original author?s information and copyright must be included.

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Start saving money TODAY using these easy techniques. Don't miss these other great books by Eram Saeed also on Amazon:

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Learn how you too can save $500-$1000 per month by increasing your credit scores quickly using these techniques!!

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How To Raise Your Credit Scores 25-100 Points in 48 hours, Guaranteed!
*Do you want to reduce your interest rates and pay less in bills?

*Are you trying to get approved for a mortgage and want a good rate? I'll show you how to save thousands of dollars per month on credit accounts, car payments and mortgages.

*Eram Saeed has been in lending for over 10 years. Currently, she is a business owner and runs her own branch as a manager for a Private Commercial Lender. In her job, she sees hundreds of loan files daily for people just like you. She knows the tricks you can use to repair your credit and rapidly raise your credit score 25 to 100 points in just two days. She has used these techniques for years to get her clients qualified for loans. Stop wasting money on expensive credit repair companies, learn from an Industry Expert.
She offers a full overview of :

How your score is calculated,
How mistakes can cost you financially,
How to repair these mistakes and save money right away.
Hundreds have used these techniques to qualify for a loan and are saving money every month on credit cards, home loan payments, car payments, insurance payments and merchandise cards. Where can you use the extra $500-$1000 per month?

"This will be a great book to hand out to my clients to get them started on being able to qualify for a home mortgage sooner rather than later." ~ Christina Arias, Residential Mortgage Banker

"These are quick fixes but the results have been long term for me when I used them. I highly recommend this book for professional and personal use." ~ Mark Veracola, Professional Real Estate Agent "

7 days after I got this book, my score had jumped up 50 points total....30 points only on Experian. He (loan officer) is giving me a better interest rate and also charging me less money for it. I am so grateful for this lady to write this book! ~Saba Yousaf, Amazon reader

Start saving money TODAY using these easy techniques. Don't miss these other great books by Eram Saeed also on Amazon:

***How To Pay Off Credit Card Debt Fast, When Buying A Home ***

***Debt Free Forever, How To Payoff Credit Card Debt Without Getting A Second Job Or Increasing Your Income***

***Making Money As A Certified Woman Owned Business, Even If You're A Man***For A limited time only: Email at eram@globalfundingsource.net to recieve an mp3 recording of an interview with Larry Dague. Topics covered include: Credit after Bankruptcy, Common credit repair myths that are costing you thousands, how to avoid bad credit if facing a foreclosure or loan modification, how to repair credit quickly with very liltle money spent.
Check out Eram's Amazon Author page for free offers or to connect with her

Source: http://www.akiranews.com/2012/09/15/why-go-for-credit-counseling-program/

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