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You’re in Debt: 9 Terms to Know

The Kaplan Group

Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. Counselors can discuss your entire financial situation with you, and help you develop a plan to solve your money problems. Debt Settlement Services.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

They will likely review your financial obligations and the debt you’ve accrued before presenting you with a range of options according to your financial status. Credit counselors help create budgets, offer free educational workshops, and develop plans to repay debts. Debt Settlement. Bankruptcy. bankruptcy.

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There are 7,060 collections agencies in the U.S.—here’s what to do you if your credit card debt is sent to one

Collection Industry News

To start digging out of debt that’s already in collections, “get some help quickly,” says Eweka. Contact the National Foundation for Credit Counseling (NFCC) and ask to work with a nonprofit credit counselor. million cases to 4 million cases nationwide.