TRUTH 6 Credit counseling agencies
Legitimate credit counseling agencies can be a boon to people with debt or credit problems. Among their most important services, they provide financial education programs to help you identify the behavior that may have resulted in your debt problems. In many circumstances, they can negotiate a plan with your creditors through which your creditors may agree to accept reduced payments, reduced finance charges, or even waived late fees. Many times they will require you to pay a single payment each month to the credit counseling agency, which will then, in turn, pay your creditors the agreed-upon amounts as part of a comprehensive debt repayment plan.
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