Credit Counseling: Is it Really Necessary?

Not everyone has a positive experience with credit counseling. Potential creditors often frown upon consumers who are going through credit counseling, denying them credit or sticking them with elevated interest rates on new lines of credit.

Some consumers, who have found themselves in this situation due to credit counseling, would tell you that you can accomplish the same things on your own. It is simply a matter of educating yourself on the inner workings of the creditor you are dealing with. Many who have dealt with the negative affects of being associated with a credit counseling company, wouldn't have pursued credit counseling at all, had they known how it would affect their overall credit in the long run.

Credit counseling companies, of course, will have you believe that you can't solve your financial problems without them. If credit counseling is your last stop before pulling into bankruptcy station, you may be surprised at how willing your creditors are to work with you in your time of financial hardship. Quite simply, they would rather collect something from you than have to write it off as bad debt and never see a dime from you. Credit counseling works on these principles and that is why it is so easy for credit counseling companies to negotiate with your creditors.

If you simply can not negotiate a satisfactory solution with your creditors, or you can't deal with the stress of trying, credit counseling may end up being the best solution for you after all. Just don't jump to that conclusion too quickly. Credit counseling has been a life saver for many consumers and a nightmare for others. You will need to personally weigh the pros and cons of using credit counseling as a means of reaching the level of financial freedom that you desire, and staying there.

Timothy Gorman is a successful webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, bankruptcy and free credit counseling information that you can research in your pajamas on his website.

---

Tips for Credit Card Surfers

Moving money from credit card to credit card to take... Read More

5 Ways To Raise Credit Score

It's not as hard as you think to raise credit... Read More

How To Use Your Credit Card For Ultimate Financial Advantage

Using a credit card wisely is an important step in... Read More

Building Good Business Credit After Bad Credit

Can you establish good business credit if you have bad... Read More

Credit Repair Companies and Credit Counseling

Let's be crystal clear, right up front. Paying someone to... Read More

Are You The Only One Using Your Name?

Identity theft has become an epidemic. Millions and millions of... Read More

Bankruptcy vs. Credit Counseling: What Should I Do?

Credit Counseling and bankruptcy are both ways to relieve the... Read More

The Next Person With Credit Problems Got Their First Credit Card Today!

One of the focus areas of my information is the... Read More

Are you paying higher interest on your credit cards than you think?

Many credit card holders sign up for a credit account... Read More

Update Your Computer System With Bad Credit Computer Financing

The moment I placed myself in front of the computer... Read More

10 Tips To Prevent Credit Card Fraud

Imagine opening your credit card statement one morning and discovering... Read More

Do You Know The Top Five Credit Card Mistakes?

When you're dealing with credit cards, you're playing with fire.... Read More

How Your Credit Rating Affects You, and How to Check It

You might not know it, but every time you take... Read More

Is Plastic Making You Happier?

If you're like most people, you probably own at least... Read More

Five Debt Negotiation Facts

These five debt negotiation facts along with a few debt... Read More

Reward Credit Cards: Get the Best Rewards Card Incentive Program

A good credit reward card can contribute to your retirement... Read More

Our World Of Credit Cards! Which One Is Right For You

There are not many of us who do not have... Read More

5 Surefire Ways To Eliminate Credit Card Debt

Do you have enormous credit card debt? You are certainly... Read More

Is it Safe to Use Online Car Finance?

Online car finance is convenient. You can apply over the... Read More

Dont Dig Your Own Pit

If you want to enjoy your life out of spending,... Read More

Credit Score ? for Scoring the Right Loan

Somebody once said, "There is always a way of knowing... Read More

4 Steps to Creating Good Credit

As a consumer you've learned the importance of establishing a... Read More

Finding Reputable Credit Card Companies

You're interested in getting the best credit cards for your... Read More

The Ghost of Expected Surprises

Here, Cratchet, what do you think you're doing?Uh, er, leaving... Read More

Do You Know Whats On Your Credit Report ?

It is important to know your credit rating for a... Read More

Give Yourself Credit

The Beginning of the Credit Card EraIn 1951, Diners Club... Read More

How You Can Help Prevent Identity Theft

How can I prevent Identity theft from happening to me?... Read More

ChexSystems: Alternative Options for People Whove Been Checking Accounts

Individual banks elect to become members of ChexSystems, and to... Read More

Using Credit Cards Wisely

"I think money was stolen from my card" or "I... Read More

What Is A Credit Report?

Even if you have heard of a credit report, you... Read More

Like It Or Not, You Have A Score To Settle! Part 1

Just when most people finish with school and can stop... Read More

5 Killer Steps to avoid Credit Card SCAMS!

In August, 2004, the Federal Trade Commission issued their findings... Read More

Useful Tips on Borrowing Money

Here are some useful tips on borrowing money. Borrowing money... Read More