The Truth About Credit Counseling Services: Are They A Scam Or Do They Really Help People Plr Ebook

Table of Contents

Contents
The Pitfalls of Debt 4
What is a Credit Counseling Service? 6
Consolidation vs. Debt Management vs. Credit Counseling 6
Credit Counseling and Debt Management 7
Common features of Debt Management Programs 9
So is it a scam? 10
When it’s Time to Seek Counseling 12
Credit Counseling Companies Hate Bankruptcy! 15
What to Look For in a Credit Counseling Company 18
When Looking for a Good Credit Counseling Service 18
Credit Counseling Services Reviews 19
CareOne Debt Relief Services 19
Family Credit Counseling 20
Debt Busters 21
Springboard 23
Debt Shield 24
Oak View Law 25
Taking Care of Your Own Debt! 28
The Five Essential Steps 28
The “Snow-Themed” Payment Scheme 30
Snowball Payment System 30
Snowflake Payments 31
Other Possibilities 32
Unlawful Credit Agreements 32
The Minimum Is Really Your Enemy 32
Create a Buffer and Pay When You Can, Not When You Must 33
Premeditated Payments 35
Beware of Forbearance 35
The Road to Debt Recovery 37

Sample Content Preview

The Pitfalls of Debt

If you’re reading this then you are, no doubt, considering a debt counseling service. So, are they worth it? Do they work? Are they a scam? I intend to answer all of these questions and more with this book as well as provide you with some solid methods of relieving your credit debt that you can implement before you try and contact a credit counseling service.

As for whether or not they are legitimate there is no clear-cut answer. Credit counseling services can help people get out of debt and totally turn their lives around. They can also be a complete waste of time and end up costing you thousands of dollars. It all depends on the company you choose and whether or not your debt crisis actually requires the attention of a debt counseling program in the first place.

First we’re going to discuss what exactly a credit counseling service is, what it is not and what it can do for you. This will probably be the biggest step in determining if a debt counseling service is right for you because most people don’t actually know what these types of services do and are often confused by the alternative names they can sometimes go by.

Once you’ve learned the basic functions of credit counseling services then we’ll need to take a slight detour into the world of bankruptcy. The credit counseling service’s main priority is to help you avoid bankruptcy so it’s extremely important to understand what bankruptcy is and how it can affect your life and your credit. This is a big step in deciding whether or not you actually need to bother with a credit counseling service or if your debt is too big and you need to consider this infamous but ultimately effective tactic.