Consumer counseling credit
Consumer credit counseling is a vast term that involves many processes. Main aim of consumer credit counseling is to help a person in achieving financial freedom. There are many consumer credit counseling sources in United States that helps a person in making sound financial decisions, budgets, repaying outstanding debt and lead a happy, debt free life. Some of consumer credit counseling centers provide services on not-for-profit basis. Consumer credit counseling is carried out by experts who have vast experience in financial matters and who can show right financial path by understand exact financial needs of a person. Let us discuss about types of services offered by most of consumer credit counseling centers.
Various services offered
First important service provided by consumer credit counseling centers is credit counseling. There are many credit options available in market but all of these does not suit to all people as there financial circumstances and requirements are different. Similarly, for fulfilling various types of needs, a person takes loans of different types in many cases and all such loans have to be paid back in time to avoid harassing calls from the lender. Consumer credit counseling sources help a person in preparation of financial budget and in repaying of all loans successfully over a period of time. Second important service provided by consumer credit counseling centers is debt management service. This service is regarded as one of most important functions as it helps a person in becoming debt free. Debt management service comprises different processes like debt consolidation, debt reduction, debt settlement and debt reduction. Through debt consolidation, a person is able to consolidate all of his outstanding debts into single one and repayment of all of them is effected through a single monthly installment. Through debt consolidation, debts are repaid over a period of time. One of striking features of debt consolidation is that a person is able to save thousands of dollars towards interest payments. Processes like debt negotiation and debt reductions are used for negotiating the outstaying amount of loan and other charges. In many cases, lender agrees to waive interest amount debited in the account. In some cases, people have been able to waive late fee, penalty etc and reduce their outstanding debts by 50-60%. Other important service provided by consumer credit counseling centers is bankruptcy counseling. Bankruptcy is not always the best solution. Through bankruptcy counseling, a person is apprised of all matters associated with bankruptcy and in knowing if he really gains from bankruptcy. There are some centers that also offer other associated services like online financial education, bankruptcy education etc.
Some cccs sources
CCCS or Consumer Credit Counseling Service is one of leading agencies in United States that provides services across the nation. It is a basically not-for-profit and full service consumer credit counseling organization in United States that has been providing services since 1958. It helps people in finding right types of tools and solutions needed for achieving financial freedom. One of renowned organizations associated with CCCS is Money Management International.
Various types of consumer credit counseling services provided include debt management assistance, credit counseling, financial guidance, bankruptcy counseling, housing counseling, etc. Money Management International is located at 9009 West Loop South, 7th Floor, Houston TX. Its contact number is 866-889-9347. It is also a member of AICCCA or The Association of Independent Consumer Credit Counseling and NFCC, The National Foundation for Credit Counseling.
A person can easily contact local office of CCCS for getting consumer credit counseling. In past years, CCCS has helped thousands of people across United States in balancing their budgets and managing their financial matters. Counseling services are provided through comprehensive education. Headquarter of Consumer Credit Counseling is located in Ohio, CO and has more than 50 offices located throughout U.S. There are many benefits of contacting CCCS. First of all, it is the first as well as the oldest 501(c) (3) organization. Secondly, customized services are provided for giving best solutions. Third benefit is that most of counseling is affected through local offices. Thus, a person can easily put forward his doubts and questions and can get benefited in maximum manner. All the counselors at CCCS are NFCC certified. Counseling is done in a confidential manner and thus, all details provided by a person are not leaked to any one. For first general counseling session, there is no fee charged by CCCS. However, if a person wishes to participate in the Debt Management Program of CCCS, he is required to pay a set up fee of $25. Similarly, he is also required to pay a monthly fee of $25. Each credit and budget counseling session is held for a period from 60-90 months. For getting maximum benefit of first session, it is better is a person takes with him the current credit statement, current pay check or any other proof of income and a list of all types of monthly expenses. One aspect that must be understood here is that credit counselors attached with CCCS do not provide legal opinions and rather, they discuss legal issues. No suggestions or recommendations are provided regarding legal representation etc. For that, a person should approach an attorney.
Similarly, CCCS of Greater Atlanta is one consumer credit counseling organization that provides services to people living in all the 50 states through 18 local offices located in 4 states. It is also the headquarters for the popular Cred Ability Network, which is basically a family of agencies that provide services to consumers in North Georgia, South Florida, East Tennessee and Middle Mississippi. CCCS of Greater Atlanta is a member of BBB and NFCC. It is funded by clients, creditors, government agencies, businesses etc. Services are offered to all community members on not-for-profit basis. A person can easily call at 1-800-251-2227 for getting more information or can approach at 100 Edgewood Avenue, Suite 1800, Atlanta GA 30303.
Another institution offering consumer credit counseling is CCCS of Southern New England. It can be contacted at 800-251-2227.
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