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When it comes to selecting a credit councilors, a lot of care should be taken to choose the right one. You need someone you can trust, who will help you – not one who hopes to profit from your misery in any way that he or she can.
The step you are about to take is very crucial and involves partially placing your financial future into another person’s lap. Make sure you know something about them that can give you some piece of mind. Here are some tips for you.
Examining history of working alongside creditors
Compare the list of creditors you have with the one a prospective councilor has worked with in the past. Have they worked successfully in reducing payments, lowering interest rates and eliminating fees?
Despite popular belief, not all creditors correspond with credit councilors if most of your creditors have, you need to conduct further research, if not, then they won’t be of any help to you. To be on the safe side, ask whom they’ve worked with.
Will my creditors be paid on time every month?
There are two things you need to be sure of, one what the specific due dates are when you will receive your paycheck. Nothing defeats the purpose more than having a creditor paid late after the new set up payment schedule.
Paying your counselor
You need to make it as easy as possible for you to succeed. Your creditors can’t be paid unless the credit counselors are paid monthly. Look for a service that makes withdrawing from your account much easier and safer, decide whether an electronic transfer, money order or a guaranteed cheque monthly.
How often and when am I going to get my statement of account?
Having a credit counselor doest mean you don’t need to know what happening in your financial life, you have to know where and how the money is going. You need to know how much is being paid to the credit councilor service and how much is your balance.
Who can I talk to?
Incase of a problem or a question, do you have someone you can talk to, is there someone who can help you? How are their services, do they take long to serve you, or do they live up to what they said at initially? Check out their services first before you append your signature anywhere. Take note that going through complete credit counseling is stressful enough without any added problems.
These are just but a few questions you need to ask that will guide you and give you an idea as to what type of people they are and the type of services you will find. There are lots of questions you can ask a prospective credit counselor, if you are not satisfied do not hesitate to continue asking. You need to be absolutely sure that the person is right for your circumstances. After all, it’s your money and you have a right, go for what you love and can help you in life.