There is no government program for credit card debt relief, and legitimate debt settlement and relief programs operate according to strict rules. Credit counseling services provide resources to help you resolve your money problems. Counselors analyze your entire financial situation and help you develop a personalized plan. They can help you start a budget.
And they can help you find educational programs on money management. Putting the bill on your credit card isn't good, but it's probably much better than settling for a high-cost loan with no credit check. When you have a credit score lower than 630 and you have an unexpected expense, such as a car repair or a medical bill, you'll find yourself in a difficult situation. National Credit Counseling Foundation: This organization coordinates many of the regional, state, and national credit counseling agencies.
Like many of the other non-profit credit counseling organizations that operate locally or nationally, they also offer credit card help, bankruptcy counseling, and guidance information. Many of the assistance programs, whether they are advice on budgeting, credit cards, debt management plans, credit repair, or other types of assistance, are similar to those from other agencies. For example, they may suggest that the customer look for programs offered by credit card issuers that provide the borrower with credit card help. The ACCC offers debt relief options to individuals and families experiencing stress related to credit card debt by providing effective credit counseling, helping to consolidate debts, and advising on debt management.