ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Stay Away From BAD Credit Card and Debt Consolidation Counseling Services! How to Tell the Good from the Bad!

Updated on February 15, 2010
Don't throw your money away! Find out if the credit card counseling service that you are interested in is reputable!
Don't throw your money away! Find out if the credit card counseling service that you are interested in is reputable!

In the HUB, Which Credit Card and Debt Consolidation Counseling Service is Best for you, I discussed important questions that should be asked when determining which counseling service would best fit your needs. In this HUB I am going to journey in the opposite direction and let you know the signs you should be looking for in order to determine if a credit card counseling service is indeed, bad (and not worth your money or time!). As you probably already know, the world is made up of all kinds of people and unfortunately, some of those people form companies that are out to take your money! Knowledge is power! The more you know and the smarter you are…the less likely you will be taken advantage of.

The good news is that most credit card and debt consolidation counseling agencies truly want to help you! A good agency will be made up of experienced financial counselors who will assess your financial situation, help you set up a budget and if necessary, consolidate your debt. Good credit counselors truly want to help you stabilize your financial situation and lead you to the path of financial freedom (and a debt free life!).

Take control of your finances today! Let a credit card counseling service HELP YOU!
Take control of your finances today! Let a credit card counseling service HELP YOU!

So how can you tell if a credit and debt consolidation company isn't worth your time? Sadly, many credit agencies are only interested in taking your money…not cleaning up your credit.  Unfortunately, many people don’t do their research and end up spending a lot of money on a service that they could have gotten free…or almost free. Be on the look-out for credit counseling agencies that charge a LOW UP FRONT FEE and then tack on additional fees later. Before signing ANY CONTRACT make sure you have a list OF ALL POSSIBLE FEES so that there are no surprises later on down the road. If a company says they don't know if there will be additional fees (in other words they are playing the "wait and see" game)…then by all means, start looking for another credit counseling service that isn't interested in playing games.

Another way you can determine if a credit and debt counseling service is reputable or not is by the financial education programs they offer. A GOOD counseling service will not only assess your current financial situation and set you up with a manageable plan in order to reduce your debt…they will also provide financial workbooks, finance books, financial seminars and other educational materials. In other words…they want you to LEARN about money management so that you can take control of your finances and hopefully, stay out of trouble in the future.  A company that truly doesn't care about your situation and is only after your money will try and sell you debt management plans that you simply don't need and they will most likely offer you NOTHING when it comes to improving your financial knowledge base.

Finally, it is probably best if you avoid credit counseling services that contact YOU (either by phone, email or snail mail). Companies that cold-call usually want only one thing…your money! After all, they probably wouldn't waste their time calling hundreds of people per day if their fees were low as it really wouldn't be worth their time.  The best rule of thumb to live by when it comes to credit and debt consolidation companies is: "If it's too good to be true, it probably is!" Good luck with your search for the perfect credit card counseling service and may you be on the road to a debt free life soon!   

Have a few moments to spare? Please visit Self Employed or Bust. A blog about being your own boss and the benefits of owning your own company!

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)