subject: What You Should Know About Free Credit Counseling And Debt Counseling Services [print this page] Is there any such thing as free credit counseling and debt counseling services? Well, there are many services that profess they provide free credit counseling and debt counseling services but one should always be suspicious of such offers. Why?
In general, there really is no such thing as a free service that can deliver adequate credit counseling services. In fact, presenting offers for free credit counseling can either be a come on or an outright scam. Either way, you need to keep your wits about you when it comes to working with such a service. Then again, you may wish to avoid dealing with such a service completely!
Some "free" services are really promotional ventures. In other words, you may get a free initial consultation that sets the stage for signing the potential client up for a long membership as a client. Now, does this even remotely sound like a free credit counseling and debt counseling session?
No, it does not! It is more like a sales pitch which is definitely not what a person would want to deal when dueling with excess debt and issues surrounding an inability to pay mounting credit card debt.
Then there is also the issue of outright scams that can cause a number of enormous problems that could be near impossible to get out of. How can you avoid getting sucked in by such scams?
You need to keep your eyes wide open when seeing any ads for free credit counseling and debt counseling services. Sometimes, the best deals come with a fee and those things that are free just are not worth it.
Debt is amassed due to a number of reasons. A loss of a job can lead to a dramatic reduction in cash flow. Then again, even a drop in income can lead to the same problem. Medical bills or other emergency situations can all lead to a drain on one's funds. This will necessitate borrowing which is certainly not the best position one should ever be in.
However, with no other alternative borrowing becomes the only option. In time, this can lead to amassing huge amounts of debt. This later necessitates seeking a means out of the situation.
That is what makes free credit counseling and debt counseling services so attractive. They seemingly provide a means out of the situation. Sadly, they often do not which is why one should generally approach any service presenting a free offer with great trepidation.
Here is a fact: free can often end up being costly. As the saying goes, there is no such thing as a free lunch. Those dealing with debt issues need to be aware of this and avoid those free services that come with more problems than they are actually worth.
by: David Kamau
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