Unfortunately, many people believe that they can make much better financially by using a credit counseling agency than by using a law firm. If you find yourself in this position, you need to look at some of the key facts about credit counseling and how it works.
The good news is that neither counseling agency nor attorneys general make this mistake. In fact, there are four major credit counseling agencies in the United States, and they are affiliated with each other.
The problem with using a credit counseling agency is that the counselor doesn’t do anything illegal. Instead, she will be your friend: she will tell you how to manage your debt, help you get things back on track, and perhaps even teach you how to build strong credit.
The misinformed opinion that counselor is a good religion requires a little consideration. In the last few years thousands of Christians have contacted credit counseling centers and promised to help them solve their financial troubles. The truth is that even using one agency to ‘rebuild’ your credit report is not a plan to rebuild your ‘name.” Those are the words of Rev. B.S. Johnson of the Deed of Secrets Organization, a Christian non-profit organization.
When a credit counseling agency negotiates with a credit counseling agency to change your personal information, you are speaking with them about your finances and your personal life. The agency is not required to tell you their terms or follow up on you promises. Instead, they simply want to know what you have learned so far so you can be sure they are being generous.
Applying for a credit counseling offer is a little different. You must fill out an application and send it by certified mail. You must also pay an application fee, a fee for an electronic response, an application fee when an applicant sends an electronic response, and a fee for a copy of your credit report. When you fill out an application, you must include all of your personal information including your Social Security number and expiration dates. Your information is protected under the law by the Electronic Privacy Information Clearing House Act (EIPA) by giving security for personal information.
Once you submit an application, you are then required to send a letter to the credit counseling agency. Your letter must acknowledge your sincere regret and a warning about the risks you would face in a situation where your credit score was affected. Your letter must state that you plan to work through your creditors and you are willing to work with them to make your debt problems right. Your letter will also include a list of any fees that would be charged to you if you did not receive the counseling offer.
Another problem is that some credit counseling agencies will charge you a fee for their services. These fees normally range anywhere from $25 to $500. Typically these fees are for one to 14 days’ notice in time for the counselor to contact you and say their services are no longer available.
The important thing to recognize here is that these companies are not asking for money from you; they are simply asking you to do something. You don’t have to walk in the back room of a bankrupt credit counseling organization and tell them you are no longer able to meet their debt reduction needs, but you do. You have to stop what you are doing and contact the credit counseling agency and tell them what they have done and what they will do to get the money back.
You can convince your creditors to stop the unethical practices of these companies by telling them that they are not giving you money to do anything they have not promised. Instead they are offering you money in the hope that you will stop these unethical practices for a little while longer.
You can do this by sending an email or calling a T line at your local Consumer Credit Counseling Agency. You can also call and have the credit card company send you instructions on how to contact them by phone as well as make some phone calls at the office to get your statement.
What To Know About UK Student Credit Cards
Nearly a quarter of the UK public student credit cards offer rewards, including cash back back or discounts on air fare and on shopping. The rewards offer is attractive as well, but is important to note that most reward credit cards, whether cash or reward, are not true rewards, and can never be free.
Cash Back Rewards
The UK rewards scheme is more similar to American cash back or cash-back rewards. The basic reward scheme is similar to the rewards offered on the US credit card offers, either monthly or yearly. The APR of your card varies from 1% to 5%. The APR is the cost per full dollar spent on the card. Some cards provide free shipping, but many cards impose a charge on international customers when they compare with the other types of rewards on cards in other countries such as the US and Canada.