When Credit Counselors Can Be Harmful Lawyers

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Should I Go with a Credit Counselor when I Am Looking for a Way to Get Out of Debt?


Some credit counselors can be quite helpful for consumers looking for a way to pay off all of their debt. However, there are other credit counselors who are not the charitable organization that they seem, and may even leave their customers in a worse position than they were in before they came for help.

The first thing to be aware of is that there are many ways to help decrease and pay off debt that involve only you. Whether it is something as simple as cutting up your credit cards or taking out a low interest loan to pay off your high interest debt, these are all options that you can do on your own.

However, if you feel that you are in over your head and need the help of a credit counselor, be sure to look out for the red flags when looking around.

What Should I Look Out for when I Am Researching a Potential Credit Counselor?

If you should see the following elements in a potential credit counselor, you may want to keep looking or find another way to strategize payment of debt:

What Should I Do if I Feel I Have Been Cheated of My Money Because of False Advertising by the Credit Counselor?

You may want to contact an attorney who has experience in consumer credit. Your attorney will be able to advise you of your rights and let you know what your credit counselor should have disclosed to you from the beginning. Your attorney will also be able to let you know if you may be entitled to compensation in a lawsuit against the credit counselor.

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Last Modified: 07-23-2009 11:30 AM PDT

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