Posted on April 9, 2009 at 11:05 pm Yes you are right councellors can manage money very nicely, its suitable for big companies not for indivisuals.

Posted on May 20, 2009 at 4:12 pm I wanted to clarify one of the statements that kayeshayne21 made in her post. "Debt counselors" typically refer to employees who work for credit counseling (also known as debt management) companies. These companies work with the person's creditors in an attempt to get the interest rates on each card reduced. It is not a guarantee that the creditors will agree to do this. Debt settlement companies on the otherhand work with creditors and third party collection agencies to reduce the principle amount of debt owed. When a debt is settled, the person is satisfying the owed amount for a percentage of what is owed.

Posted on February 9, 2010 at 7:05 am Financial consulting is a broad term, however if one is talking about the debt relief industry - it is referring to credit counseling and debt consultation.