Posts Categorized: Credit Counseling

Our credit counseling and Debt Management Plans help with all kinds of revolving debts, including store credit cards and traditional bank-issued credit cards. Store cards can present some unique challenges for consumers. Stores will tempt you to sign up for a credit card by offering a long interest-free period or a big discount when applying…

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Many educators and businesses use the SMART goals concept, which was created by Paul J. Meyer and spelled out in his book Attitude is Everything. We think the SMART goals system can be a good tool for debt counseling; any financial goal we recommend should be SMART. SMART stands for Specific, Measurable, Attainable, Realistic, and…

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We recently linked to the FTC’s advice for consumers who are “Knee Deep in Debt,” which includes a recommendation that consumers seek credit counseling if necessary. In giving this advice, the FTC cautions readers that “just because an organization says it’s “nonprofit,” there’s no guarantee that its services are free, affordable, or even legitimate.” Indeed,…

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It’s been well-known for years now that participation in a Debt Management Plan (DMP) doesn’t have any impact on your credit score. Of course, the full picture is more complicated than that. Just signing up for a Debt Management Plan is not something FICO takes into account when calculating scores. They’ve determined that consumers shouldn’t be…

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