The Credit Counselling
When Is Credit Counselling Appropriate?
However, credit counselling offers important educational lessons for nearly anyone, and can help individuals or even businesses successfully budget and spend their money.
How Credit Counselling Helps You Manage Debt
Your credit counselor can also offer you credit consolidation services, helping you package your various debt into one loan, which will help you better focus your efforts to pay off your debt.
The counselor serves as a mediator throughout the repayment process. Your credit counselor can contact your creditors on your behalf if you authorize it. Creditors will often agree to reduced interest payments or provide more time to pay off debt, as they also have an interest in obtaining the money you owe.
Your credit counselor will receive your payments each month and place them in a trust account, which will then be sent to your creditors. If you stick with the program, a credit counselor can provide you with a positive note, which will be entered into your credit profile.
Contact our office for more detailed information about this process and your situation.
Building A Long-Term Strategy
Dana MacRae | Licensed Insolvency Trustee is happy to offer you free debt and credit counseling services. Book online for a free and confidential consultation or call 1-800-665-9965 for information. You’re under no obligation to accept our services, but you might just like what we offer you in your fight against debt.
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