 Consumer Credit Counseling, often called Debt Management or Debt Consolidation, started as a legitimate solution to debt problems.
However, in recent years there has been much publicity about companies that
have not provided reliable service to its clients.
The IRS has also launched
investigations in this industry due to many companies inaccurate reporting as to
being legitimate non-profit agencies. This has caused quite a turn-over in this
sector and is hard to know which way to turn.
It is also reported that Consumer Credit Counseling programs have an indirect negative impact on the consumer’s credibility. If a loan agency sees the program on the consumer credit profile, they may often misclassify the consumer as not credit-worthy. Consumer Credit Counseling programs cannot guarantee that they will lower your finance charges as they claim. Therefore, it is essential to work with a trustworthy organization that has a proven track record.
If Consumer Credit Counseling is the route you want to take, we suggest you perform your due diligence in finding the right company to work with your case. Once again, we strongly feel that the consumer can more affordably launch on their own plan for debt reduction by following our Primo Fiscal Fitness Plan. You may even be successful at negotiating your own lower finance charges with a little effort and patience. Your credit worthiness would be preserved and even improved.
Call to speak with a knowledgeable member of our team or fill out our online form to learn more about consumer credit counseling and how it can resolve your debt problems .
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