Concerns about Debt Management Credit Counseling
Consumer Affairs is a great source for advice on choosing agencies for consumer credit counseling. They offer facts and resources to help you select the right credit counseling agency. It’s critical to have confidence in the agency you select and that you eliminate any concerns.
There are only 17 states in the United States that have established guidelines for credit counseling companies and debt management services, leaving 33 states with no mandated guidelines and many opportunities for scams.
- Avoid a credit counseling agency that advertises on television, uses telemarketing or sends out spam emails.
- Being “non-profit” means nothing.
- Do not give any personal or financial information over the phone.
- Beware of high fees or companies that keep your first month’s payment
- No one can remove or eliminate of your debt. If an agency promises this, they are lying.
