You might have come across the terms NFCC and CCCS which are called as “National Foundation for Credit Counseling” and “Consumer Credit Counselling Service”. This article will help you to know about the above services and the kind of things they do. If you are among the people who carry around a lot of debt on credit cards, then a service like nonprofit credit counseling can help you in many ways. Non profit credit counseling will help you in making you move in the right path. It helps you in 2 big ways which are as follows:
- Non profit credit counseling are fully free and do not ask you to pay any kind of charges. There are certain services which ask for donations but the kind of service they provide to the people who drown in debt is priceless. The 1st thing that they do is to educate you in finances and ways to manage the financial life. Once you sign-up, you will be given the best counselor to help you in each way with the situation you possess. The representative will help you in negotiating with the credit companies in order to lower the interest rates which in turn will help you to save a lot of money. The advisor will keep guiding you every time you take a step forward.
- Secondly, they assist you in rebuilding the credit in a better way. If you have some payments to be made or there might be payments which must have gone in collections. In both ways they help you in writing letters to the credit agencies and credit companies to build up the damaged credit. In this way there will be less interest rate and will help you to save a lot of money.
National foundation for credit counseling: It is very important to know that all the credit counseling services are not the same. There are agencies which are interested in making money in their bank accounts instead of your credit ratings. It is very important to pick up the right service. The services which will be interested in making your credit rating will not force you to take up the service and neither will they charge you for anything. If they begin to advice you before knowing your situation then you must exit from the place. They might also ask you to close all your old credit cards and take up their new ones. This will be terrible because if you do so then it will decrease your credit score to a greater extent. The perfect place to begin with is the NFCC and you can get a lot of information about it from the Internet. It has a lot of agencies which takes up the responsibility to make your credit better with an advice of low-cost. The guidance can also be completely free but it completely depends on your situation. Even though an agency is approved by NFCC, you still need to be aware as of how well are they reputed in the market.
Consumer credit counselling service: It becomes very hard for a person to manage the financial life who is in deep debt. The counselors of CCCS will listen to your problems very carefully. Then they will train you financially and then they will discuss with you regarding the ways you can better manage the finances. They will set up a budget plan so that you can get the best from the income and easily make payments. They will also explain each scheme in a detailed way so that you can overcome all your problems in a simple way.