What to Ask a Credit Counseling Agency
If you have decided to seek help from a credit counseling agency, never presume that all agencies have your best interests at heart. There are agencies that disguise themselves as “non-profit” credit counseling organizations, when in fact they are conducting illegal operations.
To avoid being ripped off, exercise caution and do your research. In this article, we present the questions that you should ask a credit counseling agency before hiring their service.
As a customer, don’t be afraid to inquire about these issues. An ideal counseling agency would not hesitate to give you clear and straight answers. Consider the following questions:
* What are the credentials of the agency? Is it a licensed agency and one that is accredited by the government? Is it a member of a national credit organization?
* Where does the agency derive most of its income? Are the counselors paid based on the number of clients they enroll in the agency’s debt consolidation program? If the agency’s income is dependent on client’s fees, chances are you may be charged expensively for its services.
