West Palm Beach Bankruptcy Attorney

Credit Counseling

Responsible budgeting and money management does not come naturally for some people. In some cases, it can be very helpful to seek the services of a credit counselor to help with your financial situation. Credit counselors can help in a variety of ways, including developing a personalized plan to help prevent future financial distress. They can also offer resolutions to your current credit problems and can advise you on how to successfully manage your money.

Finding a Legitimate Credit Counselor

It is important to choose wisely when looking for a credit counselor. Some agencies that offer credit counseling may not be reliable and may just be out to take advantage of an already vulnerable consumer. Here are some things to consider when looking for credit counseling:

How much does the agency charge? Make sure you are aware of any fees you may be charged, and be cautious if the agency says their fees are voluntary. An average start-up fee is $50 or less, and an average monthly fee is around $25.

Is the agency affiliated with a national credit counseling organization? Such organizations include the National Foundation for Credit Counseling. Membership in a reputable organization shows that the agency has a commitment to ethical practices.

Is the agency affiliated with a national credit counseling organization? Such organizations include the National Foundation for Credit Counseling. Membership in a reputable organization shows that the agency has a commitment to ethical practices.

Contact an Attorney

If you would like more information on credit counseling, or if you are considering bankruptcy, contact the West Palm Beach bankruptcy lawyers of the Eric N. Klein law firm at 516-353-2800.