Credit and Debt counseling are valuable services for consumers who have trouble managing their finances. They educate people about the basics of money management. Americans really don't get the education they need about how to manage bank accounts, balance checkbooks, or pay bills on time. By educating consumers, counselors hope to reduce the number of debtors who are forced to file for bankruptcy.
When to Say 'No' to Credit Fixers - Choose your credit-counseling service carefully. The companies that advertise credit-repair services, rather than
credit counseling, are usually offering something they can't provide. Don't trust a company that claims it can remove accurate, negative information from your credit report, wants you to pay for credit repair services before any services are provided, or recommends that you not contact a credit bureau directly.