Choosing the Right Credit Counseling Agency for You Some Tips
important to make sure that the credit counseling organization doesn’t require your participation in their credit counseling services or otherwise known as a “Debt Management Plan” in order to receive their educational services at no cost.
Fees-
Credit counseling fees vary from one agency to another. Make sure to ask the credit counseling organization for a breakdown of their fees. Some credit counseling organization require large up front deposits or payments to enroll you on their plan. Credit counseling organizations are regulated by many states as far as what they can charge as a “start up” fee. Some credit counseling organizations require that the first payment that you send to your creditors actually goes to them. This is an unfair practice that some credit counseling organizations have abused in the past. For example, if your monthly payment is $500 to your creditors through the credit counseling organization they would keep the first
