How To Get Counseling For Credit Debt

Credit debt counseling is a great idea for those who are overwhelmed by debt and are having a hard time managing expenses. Reputable counselors are certified in financial topics and can offer advice on anything from consumer credit to budgeting. Locating the right debt counseling program can be challenging, but it's important that you take your time and choose the one that fits your situation best.

Step 1

Contact your local credit union, library and community college to see if they offer non-profit credit counseling programs. These are usually free of charge or ask for a small donation. Churches sometimes offer this service as well.

Step 2

Ask your own bank for a referral. They usually have a list of qualified professionals who can help. If not, ask for a suggestion on where to go and whom to contact. You can also try contacting your local consumer protection agency.

Step 3

Visit the website of the National Foundation for Credit Counseling (see Resources). They maintain lists of professionals around the country. You can search their database by location and contact preferences (in person, internet or phone). You can also select based on your budget and how much you can pay for the service.

Step 4

Use a free debt settlement consultation service online, like the ones offered by YoungMoney.com or AmericanDebtenders.com (see Resources below). The online process requires you to enter the amount of debt, your monthly income and your contact information. You will usually be contacted directly by a company representative for a free phone counseling session. Other companies offer a toll-free number so you can call on your own time. Keep in mind that these companies specialize in debt settlement, so they may push that option. They will still answer your financial questions if you say no, so stick to your original goals.

Tips and Warnings

When researching a debt counseling agency, ask what services they offer, what the fees are and what do they cover, whether educational materials are available and what are the qualifications of the counselors. This information will help you choose the best match.