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What is Credit Consolidation Counseling?

In general credit consolidation counseling companies provide consumers with family financial educational information and debt management services. For all intensive purposes as far as the solutions they can provide you, consider the terms credit counseling and debt management to mean same thing since the basic service you get is the same whether you work with a company that calls itself a credit counselor or one that describes itself as a debt management company.

So what do they do?

They consolidate your debts into one payment and they are often able to lower the interest rates and fees you now pay. They act as an intermediary between you and the credit card companies who, once they know you are in a credit consolidation counseling program, are more likely to work with you to help prevent further rapid debt accumulation.

You may refer to my posts about debt management companies here to learn more about credit consolidation counseling.

Also, you may request more information about my Top Debt Management Companies here and learn more about the information and consultations they can provide you.