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Debt Consolidation Depot
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Debt Consolidation/Credit Counseling Frequently Asked Questions | |
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How much does credit counseling cost? Although often partially subsidized by the creditor, there is usually a small fee to the client for most debt consolidation services. This fee is often less the $10 per creditor, which is a very small amount compared to the savings most credit consolidation companies can negotiate in reduced interest payments.
You may also want to check up on a non-profit organization by confirming that the consolidation service does have a valid non-profit ID. You may also want to check how long the company has been in business and see if there are any complaints with the Better Business Bureau (www.bbbonline.org).
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