Credit Counseling vs Debt Settlement
Facing financial challenges can be a time where you find yourself vulnerable for a solution. As you navigate the landscape of options in the debt solution world you will find bankruptcy, debt settlement and credit counseling. All three are very different, with their own strengths and weaknesses. It is important for you to learn the differences between your options and which is the best solution for your situation.
Debt Settlement and Credit Counseling are two of the most common solutions people are attracted to when they research their options. WE ARE NOT DEBT SETTLEMENT! This is important as you review the table below to learn the key differences between the debt settlement industry and credit counseling.
Review the table below to learn about the difference between Counseling and Settlement.
Important Questions To Ask
|Will It Hurt My Credit?||NO||YES|
|Will You Continue To Pay My Creditors?||YES||NO|
|Will I Stop Getting Collection Calls At Home & At Work?||YES||NO|
|Can My Wages Be Garnished When In The Program?||NO||YES|
|Can I Receive Court Summons When In Program?||NO||YES|
|If I Follow The Program Can You Guarantee My Debt To Be Paid?||YES||NO|
|Will I Continue To Get Late Fees?||NO||YES|
|Will I Continue To Get Over The Limit Fees?||NO||YES|
|Will This Bring Me Current With My Creditors?||YES||NO|
|Will I Receive Potential Attorney Fees?||NO||YES|
|Will My Debt Be Sent To Collections?||NO||YES|
|Will I Pay The Program Fees Up Front?||NO||YES|