If You Have Credit Problems:
Call your creditors and ask to waive late fees, reduce the interest rate, and/or work with you to establish a re-payment schedule that will work for you.
If you have missed bill payments or have other credit troubles, you may benefit from the service of a financial counselor. Counselors help review your entire financial situation and help you develop a personalized money management plan. Be aware – just because a debt management agency claims to be “non-profit” doesn’t guarantee the services are legitimate or affordable.
A reputable agency should send you free information without requiring you to provide any personal details. Look for a range of services, including budget counseling and savings and debt management classes. Avoid any that push a debt management plan as your only option before they analyze your financial situation.
Visit the National Foundation for Credit Counseling (NFCC) website www.nfcc.org or call Toll-Free 1-800-388-2227 for assistance with credit problems and creditors.