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Millions of people struggle with money management, missed payments or mounting credit card balances.
You might be wondering: What is credit counseling, and can it actually help?
The answer is yes and its probably more helpful (and more affordable) than you think.
Credit counseling is a great way to get back on track financially without judgment, pressure or confusion.
Heres what you’re gonna wanna know.
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What Is Credit Counseling?
Credit counselingis a free or low-cost service that helps you better understand your finances andmanage your debt.
Its usually offered by nonprofit agencies specializing in helping people improve their financial situation.
How Does Credit Counseling Work?
Step 2:They review your credit report, income, monthly expenses and debt.
Step 3:Together, you create a budget and explore your options.
Credit counseling sessionsare private.
No one will know unless you choose to share it.
What Services Do Credit Counselors Offer?
Credit counseling is more than just a quick chat aboutbudgeting.
Who Should Use Credit Counseling?
You dont have to be in deep financial trouble to benefit from credit counseling.
How to Find a Legitimate Credit Counseling Agency
Not all credit counseling services are created equal.
You dont have to fix everything overnight.
But you’re free to start today.
FAQs About Credit Counseling
The information is accurate as of March 25, 2025. it’s possible for you to learn more about GOBankingRates processes and standards in oureditorial policy.
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