New laws require bankruptcy filers

bankruptcy to find a credit counselor. But many consumer advocates say: CAUTION! While some consumer credit counselors to provide a legitimate service, many fraudsters, charging high fees for services that help you to yourself.

It is important to choose your credit counselor carefully. Here are 5 simple tips that can help are:

1. Get Personal – It is always best to choose to give someone advice in person, but as advice by e-mail or telephone. You can often get a good credit counseling assistance to local banks, universities, credit unions, military bases, housing, and offices of the U.S. Cooperative Extension Service.

2 Beware of high fees – Bad Credit Counseling Services often try to increase significantly in the customer paying high fees or “voluntary contributions” all of their debts trick. Anyway, be sure a written estimate, get the all installation lists and monthly fees, before you sign anything. When the costs are too high, look elsewhere.

3 Check the credentials – Determine whether the credit counselor you are considering are licensed in your state. Are you looking for consultants who are accredited and / or certified by a third party. Make sure that consultants get to choose any additional compensation to customers, the services of high commission of debt management.

4 Make sure that the privacy – Make sure your agency has the Council taken at a high level security measures to protect private information such as your address and credit card number. You do not want to become victims of identity theft!

5 Beware Debt Management Services – If a credit counselor because you are bankrupt, the attention to any organization that promotes strong debt management programs have submission. These arrangements can often scams that cost you big money in fees. They are also not required by bankruptcy law, despite what some agencies shadow of the credit counselors can try to tell you.


Credit counselors