Credit counseling has become an increasingly popular alternative to filing bankruptcy and for good reasons. Soon after the Federal guidelines for filing bankruptcy tightened, aggressive debt collection agencies began to literally hound debt laden consumers. The new bankruptcy laws essentially gave debtors two options and none of them are really any good. (1). Don’t file bankruptcy and be at the mercy of creditors. (2). Grit their teeth and go through the expensive and grueling bankruptcy process. With seemingly nowhere to turn, many opted for neither and instead decided to enroll in a credit counseling program. But the warning is “DEBTOR BEWARE!” All credit counseling agencies are not created equal. Find out what the differences are and which type of companies you must avoid at all costs.
Read: Credit Counseling – You’ve Been Warned Not To Go To This Type of Credit Counseling Agency
