What is credit counseling?
Credit counseling is similar to debt consolidation. You may have to go through credit counseling before you can consolidate your debts.
Credit counseling offers education and debt repayment plans.
Credit counselors offer low cost debt relief programs. In most cases. Some of the less scruplous programs charge high upfront fees which you should avoid.
What they can do is get a lower interest rate for you to pay on your debts.
You can also get the convenience of making one payment to one company to pay all your credit cards, medical and hospital bills.
Credit counseling should take around 24 to 48 months to complete depending on how much debt you have.
Credit counseling is not for everyone. It may not provide enough debt relief to give you room to breathe. You may be forced to use debt settlement or worse file bankruptcy if credit counseling cannot help you.
For many it can be a good debt relief program.