Credit Counseling

Credit counseling is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultimately eliminate debt. Credit counseling is most often done by Credit counseling agencies that are empowered by contract to act on behalf of the debtor to negotiate with creditors to resolve debt that is beyond a debtor's ability to pay. Some of the agencies are non-profits that charge at no or non-fee rates, while others can be for-profit and include high fees. Regulations on credit counseling and Credit counseling agencies varies by country and sometimes within regions of the countries themselves. In the United States, individuals filing Chapter 13 bankruptcy are required to receive counseling.

https://en.wikipedia.org/wiki/Credit_counseling

High school announces mandatory drug tests for students: 'The community should embrace it'

A high school in Ohio has announced that it will begin randomly drug testing its students once each...

discovered 4 months ago on AOL
Struggling to save for a down payment? Your county government might be able to help

One woman who called Melissa Snype-Jones, financial analyst and program coordinator for the Camden...

discovered 4 months ago on Philly.com
Student Debt Soars as Borrowers Are Slow to Repay

This is the $1.6 trillion world of federal student loans, next to mortgages the biggest form of household debt in the United States. Each year, nearly 12...

discovered 4 months ago on NBC Dallas Fort Worth
3 Ways To Take Advantage Of Reverse Mortgages

Reverse mortgages can be a great way for retirees to tap the value of their homes while continuing to live there. Matt Sivertsen, a senior financial...

discovered 4 months ago on Forbes
More N.J. students can’t pay their college loans. See how your school stacks up.

Nearly 1 in 10 students who take out a federal loan to attend college or trade school in New Jersey...

discovered 4 months ago on NJ.com
For low-income students, the suburbs are no sure path to college - The Boston Globe

Finally, overwhelmed by debt and financial notices on her dorm room door, she dropped out during her...

discovered 4 months ago on The Boston Globe
This rule of thumb about credit card use could be costing you

If you're hoping to snag the best-available terms on a loan, a standard rule of thumb about credit...

discovered 4 months ago on CNBC
Family struggles to recover after rising debt pushes husband to suicide

Amber Dykshorn stood at her kitchen window and watched the storm come in. The wind blew over the...

discovered 4 months ago on Post-Bulletin
Holiday Budgeting 2019: 8 Tips to Save More

The holidays can be a stressful time as consumers ramp up their spending for gifts and travel and face extra bills in the new year. Shoppers are planning to spend an average of $1,047.83 this ...

discovered 4 months ago on TheStreet.com
ACCC Explains How Consumers Should Read their Credit Reports

Reading credit reports can be tricky and stressful, especially if consumers aren’t completely sure...

discovered 4 months ago on PRWeb
A Dreamer Finds Her Voice

Prioska Galicia did not have a full grasp of the implications of her immigration status until she was preparing to go to college. Only when she was older...

discovered 4 months ago on New York Times
Is It OK to Make Minimum Payments on Credit Cards?

Making a credit card's minimum payment month after month might feel good in the short run. What Are Credit Card Minimum Payments? Credit card minimum payments are the lowest required payment ...

discovered 4 months ago on U.S.News & World Report via Yahoo News
Millennial Money: You lost your job. Now what?

The average length of unemployment is almost 22 weeks, according to the Bureau of Labor Statistics, so it’s important to quickly adapt your finances to your temporary new normal. Working through ...

discovered 4 months ago on Washington Post
Chipotle to Introduce Mental Health Support for Its Employees

Chipotle’s plan is also honest about the fact that finances can end up stressing out its...people....

discovered 4 months ago on MyRecipes via Yahoo News
Thinking of lending money to a friend or family member? Read this first

Lending money to a family member or friend is a risky proposition, one that could end very badly....

discovered 4 months ago on NBC NEWS
Student loan debt: Strategies to pay it off faster, smarter

The growing student-loan problem has emerged as an issue for the 2020 presidential election....

discovered 4 months ago on Asbury Park Press
Should You Consider a Holiday Loan?

Holiday loans are personal loans that you can use to finance year-end holiday expenses, such as gifts, decorations and parties. Expenses around the...

discovered 4 months ago on US News & World Report
‘I’m gonna lose everything’

Amber Dykshorn stood at her kitchen window and watched the storm come in. The wind blew over the farm, the rain came down and she heard the ominous pings...

discovered 4 months ago on Washington Post
What Happens To Your Brain And Body When You're Stressed About Money

In fact, a recent survey by Credit Sesame found that 82% of those who struggle with credit card debt...

discovered 4 months ago on The Huffington Post
5 common financial fears and how to conquer them

Paying off credit card debt can feel like a never-ending task, but there are ways to get it done. “I’ve had clients who come to us for debt counseling...

discovered 4 months ago on Market Watch