Debt & Counseling Frequently Asked Questions
How Much Does it Cost to Use Find-Consumer-Credit-Counseling.com?
Nothing! Our services are absolutely free to you.
Does Using this Site Affect My Credit?
No. No personally identifiable information about you is collected or sent to the credit reporting agencies.
How Much Does Credit Counseling Cost?
That depends on the service you choose, and the product that you pick with them. You will receive quotes for services from several different providers of credit counseling services and each one will reveal their fee structure to you so that you know in advance how much you will need to engage their service.
What's the difference between Credit Counseling and Debt Consolidation?
Credit counseling is a service that incorporates many techniques in order to help consumers control their debt and spending. Debt Consolidation is a tool or technique that Credit Counseling services might use with some clients in order to help bring their credit under control and help restore credit by talking with various creditors and getting them to agree to various terms and conditions.
Will Using Debt Consolidation Affect My Credit?
It may, but not very significantly when compared against the negative situation your credit must usually be in before the service is begun. On the other hand, some creditors look favorably upon agreeing to debt consolidation because it shows your willingness to work with your creditors in order to try to pay your obligations.
What Kind of Terms are there to Work with a Credit Counseling Service?
Again that depends on the service. Most credit counseling services require that you have a minimal amount of unsecured debt, such as $5,000 or $10,000 or more. Some may require a contract or agreement that you will abide by certain conditions - such as having your credit card accounts closed if they set up debt consolidation for you. Read carefully the terms and conditions page of any contract before agreeing to begin services with credit counselors.
