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Consumers Credit Counseling
The Consumers Credit Protection Act
The consumers credit protection Act is a federal law that protects consumers that have borrowed money by requiring lenders to tell borrowers in a written document the terms of the contract including the
principal balance, interest payments, monthly notes, and the length of payments (how many
monthly payments will be made).
What is consumer credit counseling?
Consumer credit counseling is simply a process
you go through when you visit a consumer credit
agency.
Who needs consumers credit
counseling?
Any consumer that is experiencing financial
problems such as credit and debt issues can
seek credit solution from these counselors.
When Should You Seek Credit
Counseling?
1) Your credits is over extended
2) Your debt is out of control
3) Your household income has decreased
What Kind of Services Do They Provide?
1) They offer basic financial solutions
2) Credit Counseling
3) Consumers credit advice
4) Credit card counseling
5) Debt Solution such as whether you should consolidate your debt or file for bankrupcy
6) Consumers credit counseling bankruptcy
7) Financial budgeting help
8) Financial literacy Workshops and many more
Where will you receive this credit counseling?
There are many places you can go to receive this type of counseling. One of the places I suggest you check out and that is a non-profit consumer credit agency.
Where can I find a consumer credit agency in my city?
You can find a list of non-profit consumer credit agency on the Hud.gov website.
Go on the website and enter consumer credit agencies plus the city and state you live in
Hi, I'm Abbie.
Your financial
education tutor.
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