Finance Used

Credit Counseling Services

Credit counseling services are advertised all over the place as the solution to your credit woe's but are they really ?

Many financial counseling services are scams. The Federal Trade Commision [FTC] felt so strongly that most credit counseling services were scams they issued a warning to consumers about them. The ones that are scams offer services that are already available to you for free or perform actions you could acheive on your own easily. One of the most common claims they make is that they will clear your credit report of negative entries. That is flat out wrong, they can not remove anything from your report, direct anything to be removed, nor can they have truthful information expunged from your record.

If you trully want reliable financial counseling [in the USA] the best place to start is on the FTC's credit page. Maintained by the United States Government the makers of the site have no interest in parting you with your money. You can find informtion regarding business and consumer credit, including pending & passed legislation, helpful guides, and summaries of recent events effecting credit and credit counselors.