We can’t recommend any one company to you, however, we do suggest that you work with a NON-PROFIT agency. These companies work with you at LITTLE TO NO COST to you. They make most of their money from “Fair Share” which is the equivalent of a commission they deduct (or invoice) your creditors for, sort of like a collection fee, but it doesn’t lessen the amount you are credited for your payment. In other words, a $50 payment made by you intended to go to us will count as $50 whether or not the agency bills us for or deducts Fair Share that we agree to allow. This isn’t to say that you can’t work with a FOR profit agency, but be sure to check out ANY company thoroughly that you are allowing into your financial world. We suggest visiting the National Foundation for Credit Counseling® (NFCC®) at their website (which will open in a new window) or call them at 1-800-388-2227 to discuss your situation and put you in touch with a member organization in your area.

I am thinking about working with a Consumer Credit Counseling (debt consolidation services) agency. What do you recommend?

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