Non Profit Credit Counselors In New York City
Posted on October 1, 2009 at 2:28 am
Hey guys can you give me a list of non-profit credit counselors in the New York City area?
Posted on October 1, 2009 at 2:38 am
A list of non profit credit counselors in New York City...
Wow, I don't have any, but you can check with the Better Business Bureau (http://www.bbb.org)
Posted on October 1, 2009 at 2:40 am
Non profit credit counselors in New York City
Aside from the BBB, also check if they are affiliated with the National Foundation for Credit Counseling here: http://www.nfcc.org.
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Rep Points:
Posted on October 1, 2009 at 2:43 am
Do you already know what you're looking for in credit counselors? I think the qualification for non profit credit counseling agencies all over the states, not just New York City is the same:
Are the agency services confidential?
Will they devise a plan tailored to fit your needs?
Are the counselors certified?
Are budget and credit education opportunities offered?
Will your funds be protected? How?
Is the agency accredited?
Posted on October 1, 2009 at 3:01 am
Okay more on non profit credit counselors (credit counseling agencies):
Credit counseling is about learning about how to better manage your finance but that might not solve your problem so you may need to enroll in their debt management plan. This is the free part.
A DMP program aims to lower your interest rates with the credit card companies - as well as any late fees that your accounts have. This is the part that has a monthly service fee.
Posted on October 1, 2009 at 3:04 am
I see...well thank you guys for replying, how much would this DMP cost me?
Posted on October 1, 2009 at 3:06 am
typically it's around $25-30
Posted on October 1, 2009 at 3:13 am
Just some more things to consider with regards to credit counseling - it's impact on your credit.
DMP/debt management plans may have a negative effect on your credit report
Watch out for companies that don’t have your best interests in mind, the other posts are correct, do check for accreditation.
Posted on October 1, 2009 at 3:16 am
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