Consumer Credit Counseling Manila

If you’re trying to gain control of your finances, then credit counseling is the service you need. But what is it exactly? The service primarily aims to give financial education and guidance so that people can possibly take back their financial control and avoid bankruptcy. Consumer credit counseling Manila services are especially perfect for people who are looking into debt settlement and payment plan.

What happens in a consumer credit counseling?

The counselling can be done personally, over the phone or in the company’s office. It all depends on you and the company of your choice.

Naturally, you’re going to be asked about your financial situations. The counselor will ask about how you acquire the debts, what steps have you taken to solve them, what’s your income and what assets you have that might cover your debts.

Getting a consumer credit counseling service

As much as possible, you’re better off if you know someone who can recommend a company for you. However, if you don’t have recommendations, then doing a research of your own will lead you to the right choice.

When selecting, the number one thing to look for is the company’s license and accreditation. Be clear about what kind of services you’re actually getting and what fees you need to pay.