When Credit Counselors Can Be Harmful

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Can a Credit Counselor Help Me 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.

Are There Any Self-Help Solutions to Decrease My Debt?

There are many self-help solutions that could can help you pay off your debt:

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 associated with these programs before enrolling.

Researching Potential Credit Counselors

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:

Red Flags to Look for in Credit Counselors

When shopping for a Credit Counselor, be sure to avoid any debt relief organization that:

Seeking Legal Help

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: 04-24-2014 03:43 PM PDT

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