What is Credit Counselling?

Ever wondered what is Credit Counselling? There are occasions when you might encounter a financial situation that is beyond your scope which is when a session with a credit counsellor could be beneficial.

If you're not disciplined enough to create a workable budget and stick to it, can't work out a repayment plan with your creditors, or can't keep track of mounting bills, consider contacting a credit counselling organisation. Many credit counselling organisations are non-profit and work with you to solve your financial problems. But be aware that, just because an organisation says it's "non-profit," there's no guarantee that its services are free, affordable, or even legitimate. In fact, some credit counselling organisations charge high fees, which may be hidden, or urge consumers to make "voluntary" contributions that can cause more debt.

Most credit counsellors offer services through local offices, the Internet, or on the telephone. If possible, find an organisation that offers person to-person counselling.

If you are not sure of how to contact a counselling service, check with your financial institution, local consumer protection agency, friends or family as they may be a good source of information and referral.

Reputable credit counselling organisations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops. Their counsellors are certified and trained in the areas of consumer credit, money and debt management, and budgeting.

Counsellors discuss your entire financial situation with you, and help you develop a financial plan to solve your money problems. An initial counselling session typically lasts an hour, with an offer of follow-up sessions.

Be wary of credit counselling organisations that:

charge high up-front or monthly fees for enrolling in credit counselling.

pressure you to make "voluntary contributions," another name for fees.

won't send you free information about the services they provide without requiring you to provide personal financial information, such as credit card account numbers and balances.

You may freely reprint this article provided the author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.

10 Signs You May Need Credit Counseling

Debt management programs can be of real help for people that discover they cannot face... Read More

Student Credit Cards 101

If you're a college student, you probably already have a credit card. If not, you... Read More

Credit Score ? for Scoring the Right Loan

Somebody once said, "There is always a way of knowing your limitations and going beyond... Read More

Top 5 Reasons To Check Your Credit Report Regularly

#1 Make sure mistakes aren't hurting your credit.Reviewing your credit report can help you avoid... Read More

Automobile Credit Report

When applying for a loan to purchase a car, the lender will want to take... Read More

Which Credit Bureau Should I Use To Check My Credit Report?

There are three main credit bureaus in the United States; Equifax, Experian and Trans Union.... Read More

How To Get Out Of Credit Card Debt

If you're like the average person, let me warn you ahead of time about what... Read More

Simple Identity Theft Protection

How many of you bank, shop, or transact other business online? There are at least... Read More

What Does Your Credit Say About You?

A credit report is more than just a snapshot of your financial picture; it can... Read More

Credit Card Debt: How To Control It

A lot of people spend more money than they can afford to repay toward their... Read More

How To Use Your Credit Card For Ultimate Financial Advantage

Using a credit card wisely is an important step in building a great credit rating.... Read More

How To Repair Your Credit Report

A credit report is run on a buyer when he or she needs to buy... Read More

10 Dirty Tricks Credit Card Companies Play

The credit card companies make billions each year in legitimate interest charges and fees, but... Read More

Important Things to Know About Divorce and Credit

Joint debts remain joint debts.Both spouses signed a legally binding contract with the creditor, and... Read More

Credit Card Balance Transfers Explained

What is a balance transfer ? A balance transfer can be explained simply as a... Read More

What is a Credit Card?

A credit card allows you to buy things even though you might not have the... Read More

10 Tips To Prevent Credit Card Fraud

Imagine opening your credit card statement one morning and discovering to your horror that you... Read More

Good Credit Is a Necessity for Everyday Living

Most of us want a good credit report to obtain vehicle financing, credit cards for... Read More

SuperCharged Secret 4, Credit Card Utopia

YOU SCRATCH MY BACK, AND I'LL BUY SOME MORE BEER!Let's just take a brief moment... Read More

Credit Repair Kit Sound To Good To Be True? It Is.

A lot of people have bad credit. It is unfortunate that good people with good... Read More

First Major Regulatory and Legislative Victory of 2005 for Creditors and Consumers

Under the Fair Debt Collection Practices Act, collectors are not allowed to disclose a consumers... Read More

Lower Your Credit Card Interest Rate Now!

With today's credit card companies, there are many opportunities to get your cards rate of... Read More

The Credit Card Surprise That You Need to Look Out For

Companies that issue credit cards want to make a profit. No one disagrees with that.... Read More

How Your Credit Rating Affects You, and How to Check It

You might not know it, but every time you take out any kind of loan... Read More

Credit Card Dirty Tricks

There are many of us that have been badly stung by credit card companies that... Read More

Commercial Collections: Business Finance Booster Shot

Commercial collections: fixture of the new B2B cultureIf you're in the business-to-business field, or even... Read More

Top 7 Factors to Consider While Reviewing Credit Card Offers

Credit cards have migrated from being hip or convenience product into a must have entity... Read More

Credit Card Disclosure Table ? Do You Understand It All?

In addition to the APR (annual percentage rate) and the finance charges, most credit cards... Read More

5 Steps You Can Take to Get Paid!

There are always some companies that have past due invoices and can't seem to get... Read More

Free Credit Reports Now Available From the FTC

The Federal Trade Commission (FTC) has set up a new website (www.AnnualCreditReport.com) where US residents... Read More

How To Use Your Credit Cards Wisely

Are you one of the thousands pulling your hair out trying to figure out how... Read More

Recognizing the Signs that You Might Need Credit Counseling

Most families in America today have a credit card; some have two or more. The... Read More

Credit Reports: Find out why you have been refused Credit.

You may already have 2 or more credit cards in your purse or wallet and... Read More

Dont Fall For A Scheme When Trying To Rebuild Your Credit History

For people with a spotty credit history or bad credit, getting approved for a standard... Read More

Update Your Computer System With Bad Credit Computer Financing

The moment I placed myself in front of the computer screen a whole new world... Read More

Credit Problems? Heres How to Manage Your Creditors

If you find that creditors are calling you almost daily or that one of more... Read More

I?ve Heard About FACTA; What Does It mean?

What FACTA means is that if you, as an individual, lose the information on anyone... Read More

4 Steps You Can Take If Your Online Credit Card Application Has Been Refused

Help! I've Been Turned DownYou received an envelope in the mail with a great offer... Read More

Addressing Bad Credit Card Debt

Spending HabitsSo you've just got your credit card. The first thing you need to be... Read More

Credit Report ? Look Out for Your Debit Report, Too

Most consumers are aware that there are companies that keep track of their personal financial... Read More

What Can Happen to You as a Victim of Identity Theft, Facts & Figure

Is identity theft really that serious? Thousands of people every year are victims of this... Read More

Stop Struggling Because Of Poor Credit And Improve Credit Rating Now

Did you apply for a personal loan only to be turned down by a bank... Read More

How To Start A Second SEPERATE Credit File!

Your personal credit file is separated from those with the same or similar names by... Read More

The Three Largest Factors In Your Interest Rate

There are three major factors that affect how much you pay for a loan. Understanding... Read More

What is on Your Credit Report?

Your credit report is a very important piece of the puzzle in your financial picture.... Read More

Credit Card Is Adding The Silver Lining To Your Pocket

In the new millennium plastic money or credit cards has rendered a new zing factor... Read More

The Best Strategy To Erase Credit Card Debt

Credit card debt is a growing sickness in the United States and Europe. It is... Read More

Repairing Your Credit Score and Clearing Derogatory Marks on Your Credit Report

Raising your credit score can be a fairly simple and straightforward process unless you have... Read More

Credit Score - Reporting Your Financial Health

Credit score is one of the most basic, determining factor while loan borrowing. Credit score... Read More

Credit Trap: What They Dont Tell You About Credit Cards In College

In industrialized nations, going into debt starts early. It's easy for an eighteen-year-old to get... Read More