How Does Consumer Credit Counseling Work?

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Consumer credit counseling can be governmental in nature, but it can also be offered privately, albeit with certain risks. Find out how to avoid consumer credit counseling with help from a registered financial consultant in this free video on credit and personal finance.

Part of the Video Series: Credit & Personal Finance
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Video Transcript

This is Patrick Munro talking about how does consumer credit counseling work? As a financial adviser I often times see people that have dropped into a world of financial chaos as a result of not handling their affairs correctly. Many times these individuals reach out for help and it is available in the form of consumer credit counseling agencies. Some of them are governmental in nature and they are free as a result. Other are private in nature and there are fees involved so as a person who requires credit counseling, be cautious of fees and be cautious of the end result that will happen when you do work with a credit counselor. Make sure you check their track record out, the referrals that they have, the professional associations that they do belong to and make sure that you are going to get tangible results from working with a consumer credit counselor. The way to avoid working with one is to make sure that you handle your credit in a responsible mindful way so that you will never have to get a hold of a counseling service going forward. This is Patrick Munro talking about how credit counseling services work.


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