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Compare Credit Counseling Firms

If you frequently find yourself facing more month than money, you may need to consider credit counseling as a means of reining in your budget. Whether your hardships are the result of unavoidable financial setbacks or simple poor decision making, credit counseling can help you reestablish healthy personal finances.

But credit counseling is not a magic wand.  You’ll probably need to make tough decisions and significant sacrifices, especially if your financial circumstances are dire.  Run, do not walk in the opposite direction away from any credit counseling “service” that promises instant, painless results. The following categories represent features you should consider to ensure that the credit counseling company you choose is reputable, and provides effective services.

Credit Education

Credit counseling is not designed to provide long-term financial guidance. Instead, the best credit counseling services will include a rich library of articles, blogs, newsletters, videos, online and in-person classes and bibliographies of recommended texts, all designed to help you understand how money works and how to stretch your income to meet your expenses.

While it’s reasonable for modest fees to apply to services such as establishing a debt reduction plan or onsite classes, credit counseling itself should be free. You should also have access most or all of the online the resources for credit counseling services at no charge and without the need to establish an account.

Choosing a Reputable Company

Choosing the wrong credit counseling company can empty your bank account without improving your financial circumstances at all. While there are no absolute guarantees, companies that have been in business for many years tend to be reputable and provide effective services. In addition, many reputable credit counseling agencies are accredited by or affiliated with one or more of the following professional organizations:

  • Association for Financial Counseling and Planning Education (AFCPE)
  • Association of Independent Consumer Credit Counseling Agencies (AICCCA)
  • Better Business Bureau
  • Council on Accreditation (COA)
  • International Standards Organization (ISO)
  • National Association of Certified Credit Counselors (NACCC)
  • National Foundation for Credit Counseling (NFCC)

Financial Management Tools

Credit counseling services should also provide financial management tools such as calculators for mortgages, college, auto and other loans, retirement planning, net worth and other measurement instruments, either on their websites or included within credit education modules. Such tools enable consumers to continue to manage their finances responsibly even after their relationships with financial counseling services have ended.

Supplemental Service and Support

Many credit counseling services offer debt reduction and housing counseling. If your circumstances are desperate, some credit counseling firms offer bankruptcy counseling for completing mandatory pre-filing requirements, along with pre-discharge debtor education. Credit counseling services frequently offer 24/7 support by phone or chat. While that’s undoubtedly convenient, offering telephone and chat support duding day and evening hours, supplemented by email support is sufficient.

Compare Credit Counseling Firms

If you frequently find yourself facing more month than money, you may need to consider credit counseling as a means of reining in your budget. Whether your hardships are the result of unavoidable financial setbacks or simple poor decision making, credit counseling can help you reestablish healthy personal finances.

But credit counseling is not a magic wand.  You’ll probably need to make tough decisions and significant sacrifices, especially if your financial circumstances are dire.  Run, do not walk in the opposite direction away from any credit counseling “service” that promises instant, painless results. The following categories represent features you should consider to ensure that the credit counseling company you choose is reputable, and provides effective services.

Credit Education

Credit counseling is not designed to provide long-term financial guidance. Instead, the best credit counseling services will include a rich library of articles, blogs, newsletters, videos, online and in-person classes and bibliographies of recommended texts, all designed to help you understand how money works and how to stretch your income to meet your expenses.

While it’s reasonable for modest fees to apply to services such as establishing a debt reduction plan or onsite classes, credit counseling itself should be free. You should also have access most or all of the online the resources for credit counseling services at no charge and without the need to establish an account.

Choosing a Reputable Company

Choosing the wrong credit counseling company can empty your bank account without improving your financial circumstances at all. While there are no absolute guarantees, companies that have been in business for many years tend to be reputable and provide effective services. In addition, many reputable credit counseling agencies are accredited by or affiliated with one or more of the following professional organizations:

  • Association for Financial Counseling and Planning Education (AFCPE)
  • Association of Independent Consumer Credit Counseling Agencies (AICCCA)
  • Better Business Bureau
  • Council on Accreditation (COA)
  • International Standards Organization (ISO)
  • National Association of Certified Credit Counselors (NACCC)
  • National Foundation for Credit Counseling (NFCC)

Financial Management Tools

Credit counseling services should also provide financial management tools such as calculators for mortgages, college, auto and other loans, retirement planning, net worth and other measurement instruments, either on their websites or included within credit education modules. Such tools enable consumers to continue to manage their finances responsibly even after their relationships with financial counseling services have ended.

Supplemental Service and Support

Many credit counseling services offer debt reduction and housing counseling. If your circumstances are desperate, some credit counseling firms offer bankruptcy counseling for completing mandatory pre-filing requirements, along with pre-discharge debtor education. Credit counseling services frequently offer 24/7 support by phone or chat. While that’s undoubtedly convenient, offering telephone and chat support duding day and evening hours, supplemented by email support is sufficient.

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Company

Reviews

Max Monthly Fee

Additional Details

Company Website

Consolidated Credit

Consolidated Credit

Be the first to rate

Max Monthly Fee $69 Max Monthly Fee
  • In-House Servicing
  • Free Consultation
  • Housing Counseling
  • Financial Education
Debthelper.com

Debthelper.com

 
5
 
5 total votes
Max Monthly Fee $35 Max Monthly Fee
  • Housing Counseling
  • Pre-Bankruptcy Counseling
  • Financial Education
Cambridge Credit Counseling Corp

Cambridge Credit Counseling Corp

1
2
 
3 total votes
Max Monthly Fee $50 Max Monthly Fee
  • Pre-Discharge Debtor Education
  • Debt Management Program
  • Housing Counseling
  • Pre-Bankruptcy Counseling
  • Financial Education
Advantage Credit Counseling Service

Advantage Credit Counseling Service

2
 
 
2 total votes
Max Monthly Fee $50 Max Monthly Fee
  • Pre-Discharge Debtor Education
  • Housing Counseling
  • Pre-Bankruptcy Counseling
  • Financial Education
Credit.org

Credit.org

2
 
 
2 total votes
Max Monthly Fee $0 Max Monthly Fee
  • Pre-Discharge Debtor Education
  • Housing Counseling
  • Pre-Bankruptcy Counseling
  • Financial Education
Money Management International

Money Management International

1
 
 
1 total votes
Max Monthly Fee $0 Max Monthly Fee
  • Pre-Discharge Debtor Education
  • Pre-Bankruptcy Counseling
  • Financial Education
Family Credit Management

Family Credit Management

1
 
 
1 total votes
Max Monthly Fee $35 Max Monthly Fee
GreenPath

GreenPath

 
1
1
2 total votes
Max Monthly Fee $0 Max Monthly Fee
  • Pre-Discharge Debtor Education
  • Housing Counseling
  • Pre-Bankruptcy Counseling
  • Financial Education
Careone Debt Relief Services

Careone Debt Relief Services

1
1
4
6 total votes
Max Monthly Fee N/A Max Monthly Fee
  • Pre-Discharge Debtor Education
  • Pre-Bankruptcy Counseling
  • Financial Education
ClearPoint

ClearPoint

Be the first to rate

Max Monthly Fee $35 Max Monthly Fee
  • Pre-Discharge Debtor Education
  • Housing Counseling
  • Pre-Bankruptcy Counseling
  • Financial Education