Credit counseling, as any bankruptcy attorney will attest, is a vital and necessary part of the financial management process. In fact, it is mandatory to go through a certified credit counseling program prior to filing for bankruptcy of any kind. Unfortunately, some predatory companies are taking advantage of unwary customers under the guise of being a ‘credit repair’ service, while actually doing no service to your credit and charging you exorbitant hidden rates.
Seek An Accredited Credit Counseling Firm
The best way to avoid falling prey to one of these scams is to consult your Dayton bankruptcy attorney. All bankruptcy attorneys have a list of accredited counseling services which have been vetted by the courts. If you do not use the services of your bankruptcy attorney, make sure the company you choose is a member of the National Foundation for Credit Counseling (NFCC). NFCC members have pledged to provide financial counseling in person, online, or on the phone. Many services provided by NFCC member agencies are free of charge or involve low fees. Non-member agencies, on the other hand, are notorious for claiming to be low-fee agencies, while secretly incorporating high fees in hidden contracts. These companies will make grand claims about being able to fix or remove unwanted items from your credit report; know that these claims are unsupportable, and cannot be achieved through legal means.
NFCC member agencies are dedicated to getting consumers out of debt through counseling, education, debt management planning, financial literacy, bankruptcy counseling, and other legal methods. NFCC members are required to be accredited by the Council on Accreditation (COA), ensuring they live up to the high standards required. The reason some other claims sound too good to be true, is, of course, because they are. If you are ever in doubt, seek the services of a good bankruptcy attorney.