Consumer Credit Counseling Agencies

Though many people seem to be afraid of going for Credit card counseling, the fact still remains that it is

probably the only way to get out debt, stay out of it and acquire the ability to manage your money. Many

people run away because of some weird stories they have heard about consumer Credit card

debt counseling. This article will help you know what it entails and how it can help your financial situation.

Be careful, and make sure you avoid filing bankruptcy if you can sell your assets. You can sell what you

can do without and use the money to pay off your debts. Swing to action right away if you find out that you

can't afford to make payments any more. It could be too late for you if you found behind a payment!

You can sell off your furniture, jewelry, electronics on Craigslist or Ebay to raise money to pay your debts.

You might consider this a radical way to avoid filing bankruptcy. But, do not worry as this is but only a

temporary measure. See it as a way to avoid filing bankruptcy and spare your credit. You will soon get

past the inconveniences.

After 42 years of being the only trade organization in the consumer credit counseling industry, NFCC

came up against some competition with the 1993 formation of the Association of Independent

Consumer Credit Counseling Agencies. AICCCA was founded on the basis of "creating industry-wide

standards of excellence and ethical conduct" according to the group of financial counselors who created

it.

In addition to that, with the CCCS skillful abilities, they would be able to contact your creditor and lower

your interest rates for you and in some cases knock it off completely which would save you a few

thousand dollars. As this service is equipped with certified staff, they are well mannered and have got

quality communication skills that would help you get an extension due dates with your creditor. Also, they

would come up with a payment plan in which you would be allowed to pay a small sum each month until

you clear up your debts. You would not only get the weight lifted off your shoulders, you would be able to

avoid bankruptcy as well.