Credit Cards
With the economy in the cellar, credit counseling has become a big business. Consumer credit counseling services are popping up everywhere. Telemarketers inundate likely prospects with calls promising fast credit repair. As with other types of services there are reputable credit repair companies and those who charge high up-front fees to beleaguered consumers who are struggling with a low credit score. These latter companies often provide very little service in the way of bad credit repair.
Reputable companies may have credit repair attorneys on staff and provide a variety of services. They can negotiate with credit card companies for lower interest rates and lower minimum payments. They may also assist with consumer credit counseling, as well as helping consumers with credit management so they don’t fall into the same debt trap again.
[ad#NCA Credit]
Credit repair companies can offer a variety of credit repair options, including so-called credit repair cards. These cards have low credit limits, and while the interest rate is higher than average, the objective is for the consumer to pay them off every month, thus improving their credit score.
Credit counseling has provided help and hope to hundreds of thousands of people who have been deluged with debt. But it is important that consumers not be pressured into signing up for a program before having a chance to thoroughly check it out.
