This makes
credit counselors look like a tool of the lending institutions.
Not exact matches
Bankruptcy: If your debt situation is out of control,
credit counselors may suggest taking a serious
look at bankruptcy.
Debt settlement companies and
credit counselors are bad medicine no matter how you
look at it.
The debt
counselor will also
look at the interest rates being charged by your
credit card companies.
You must talk with a
credit counselor before filing for bankruptcy, so
look for someone who can really explain the process and help you make the right decision.
It tells you things to
look for if you are
looking for a
credit counselor and about debt management plans and other options for debt relief.
When
looking for a
credit counselor, there are a few things to keep in mind.
Mortgage lenders take foreclosure records seriously, and some
credit counselors believe a foreclosure on your
credit report
looks even worse than a bankruptcy.
GreenPath
counselors are equipped to help review your
credit report and
look for ways that you might be able to make a payment offer to get the debts paid off over time.
If you happen to be having difficulty managing your finances,
look for help from a legitimate
credit counselor.
This is not to suggest all
credit counselors are un-qualified it is quite the contrary, but you do have to be careful that when
looking for a
credit counselor you find someone reputable.
If you need help putting together a debt reduction plan,
look for a reputable
credit counselor that can help.
A DMP is a personalized program where the
credit counselor will
look at all of your enrolled debts and then work with your creditors to negotiate a lower interest rate for you, known as a «concession rate.»
A
credit counselor will
look at all of your enrolled debts and then work with creditors to see if they will give you a lowered interest rate, known as a «concession rate.»
A
credit counselor should be able to help you determine which situation you're in based on a thorough
look at your finances.
Your
credit counselor will
look at your finances, help you draw up a budget and submit proposals to your creditors, says Melinda Opperman, chief relationship officer at
Credit.org, which also offers
credit counseling.
She also describes what you should
look for in a
credit counselor and how to find one that is right for you.
Look for a housing
counselor who is a certified professional who could walk a homebuyer through the different types of mortgages and interest rates; the effect
credit scores have on being approved for a loan; and how much down payment is needed for purchase.