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The Plain Truth About Credit Counseling
This is what the FTC says about credit counseling:
If you' re not disciplined enough to create a workable budget and stick to it, can't work out a repayment plan with your creditors, or can' t keep track of mounting bills, consider contacting a credit counseling organization. Many credit counseling organizations are nonprofit and work with you to solve your financial problems. But be aware that, just because an organization says it' s "nonprofit," there's no guarantee that its services are free, affordable, or even legitimate. In fact, some credit counseling organizations charge high fees, which may be hidden, or urge consumers to make "voluntary" contributions that can cause more debt.
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