Nonprofit Credit Counseling Service

There are a variety of nonprofit credit counseling services available, and a huge number of for profit agencies as well. Groups like Credability.org are freely available and have a great track record. They are a nonprofit credit counseling service that doesn’t charge anything for their help in building a debt repayment plan.

Many organizations have fees associated with debt repayment plans, even taking a portion of the money you pay them to be used on your debts for their own fees. 

By choosing a nonprofit credit counseling service you can usually assume that they won’t be charging you exorbitant fees for their services, but it’s a good idea to ask just to be safe. While some groups, like Credability, offer their services to their clients free of charge, some nonprofit credit counseling services still charge fees.

Seeking reviews online is a good way to help filter out the good organizations from the bad. If you know anybody who has worked with a credit counseling service in the past, ask them their experience. If they have had a good one, it is worth checking out who they worked with. Especially if their debt repayment plan worked for them. 

The best way to choose a credit counseling service, though, is simply to call and ask them questions about what they can do to help you. If they are friendly and supportive initially, you can usually expect them to be for the duration of your working relationship.

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