Remove Consumer Credit Remove Credit Counselor Remove Creditors
article thumbnail

You’re in Debt: 9 Terms to Know

The Kaplan Group

You may also be responsible for paying the costs of the creditor hiring a collection agency or legal costs. Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. These provisions mean that you may owe interest on unpaid debts.

article thumbnail

Does Debt Relief Hurt Your Credit?

Credit Corp

Credit Counseling Immediate credit impact: None expected Long-term credit impact : None expected A credit counselor is a professional adviser who helps you manage and repay your debt. Counselors may offer free or low-cost consultations and educational materials.

article thumbnail

5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

We liken credit repair companies to a plumber: you can spend the time and effort into figuring out how to fix your leak yourself, but if you don’t want the hassle, a pro may be the best option. Legal experts at credit repair companies spend all day every day negotiating with creditors and seeking resolutions to mistakes.