Credit counseling isn’t just for those filing for bankruptcy, it is open to anyone looking for information on how to resolve debt, manage their finances or learn tricks for improving credit scores. While many credit counseling agencies operate around the country, not all are created equal. In order to ensure you have the best credit counselor, look for a few simple traits.
The key to a reputable credit counseling agency is their non-profit status. Although there are plenty of companies that offer similar services and charge large fees, it is important that you work with an agency who operates free of charge. Debt management companies often advertise their credit counseling programs at a price, but there is no need to pay for these services.
It is also important to find an agency that offers a variety of products and services. From the debtors education course for bankruptcy filers, courses on budgeting and saving, to simple information about investing; a well rounded company will offer a wide range of financial services.
A qualified credit counselor will carry a license to operate as well as be able to provide documentation regarding their 501(c) non-profit status. The licensure and company ratings can be verified through the Better Business Bureau. You can also find information about approved organizations in your area by visiting the U.S. Department of Trustees website.
If you are looking for a reputable credit counseling agency or have additional questions about your debts, contact a Dallas bankruptcy attorney to discuss your financial situation.