How To Choose A Good Consumer Credit Counseling Agency?

Posted by Daniel Stewart on March 11th, 2020

Consumer credit counselors can guide you about money management, offer solutions for alleviating the financial issues you are in at present. They can help you create a proper financial plan. Here are some tips to help you find a good consumer credit counseling service provider.

Know about the affiliation

Find out whether the company is affiliated with NFCC or a similar national organization that has high ethical practices and standards. Know whether your personal credit counselor has NFCC accreditation as well.

Learn about the accreditation

Also check whether the company has third party accreditation. The last thing that you would like is to sign up with an agency that is self-accrediting in type. The COA (Council on Accreditation) is an esteemed third party accreditation body and has proper balances and checks for safeguarding the rights of consumers.

Types of services offered

It can be in your best interests to hire a credit counselling in Ontario agency that offers various services, like credit counseling and debt management for people who are / are not in debt, foreclosure prevention, reverse mortgage, counseling for first-time home purchasers etc.

Is it non-profit?

You would also do well to know whether the company is registered as a non-profit 501(c)(3) organization. This might not be a full guarantee of the legitimacy of the agency, but a non-profit agency is of course a better option.

Credit counseling session span

Short credit counseling sessions might not be able to assess your financial situation well. Your initial session needs to span one hour at least.

Author Resource:-

Daniel Stewart has been helping people with their debt settlement, credit card debt and debt relief Solutions with over 15 years’ experience in business finance. You can find his thoughts at an investment advice blog. Check out this website for getting consumer credit counselling in Ontario.