How to Pick a Credit Counseling Agency in Lewisville, Texas

First, search for non-profit agencies that work with certified credit counselors. They will assess you and determine if credit counseling suits you. Also, some of these agencies allow you to search for certified agencies by state, so you can find one here in Texas. In addition, they offer free calculators and debt decision tools to let you know your current financial health.

The organization can link you with certified credit counselors. Once you have a list of potential firms, ensure they are certified. Do this by checking the U.S Department of Justice’s list of approved agencies by state. Also, check with the state’s attorney general office and local consumer protection agency if complaints are against the agencies. This ensures they are in good standing and offer the best services in credit counseling and debt consolidation in Lewisville.    

Remember to ask for free information about their services to evaluate if their expertise aligns with your needs. Note a good credit counseling company will offer free information on their services without requiring you to disclose your situation. If they don’t offer all these, consider that a red flag and look for another agency.    

Disclosing your financial status is a delicate matter. So, you must be careful and pick an agency that aligns with your needs and priorities. You may ask why most credit counselors are non-profit. This is due to the fact they are mostly funded by the creditors you owe since they will collect the creditor payments for them. There is some controversy about whether this aligns more with your interests or that of the creditors. Other options to consider are debt consolidation loans to pay off high-interest credit card debt and debt settlement programs to negotiate down your balances. A debt settlement program can be a much shorter program or provide a much lower monthly payment in most cases since there is a huge savings on the balance reductions, not just the interest.