|
|
|
|
How Credit Counselling Works
Credit counselling services are becoming a major industry in the
world today... both for-profit and non-profit organizations are
showing up more and more frequently, offering to help
individuals who have had credit problems in the past to get out
of debt and get their lives back on track.
Many people are skeptical of these services, afraid that they
might simply be scams designed to prey on those who need
financial help; while there are undoubtedly similar scams out
there, many credit counselling services that you'll find are
actually legitimate and offer worthwhile services to those in
need.
To avoid being taken advantage of you should investigate the
service that you're considering with your local consumer
advocate group, and consider the following to make sure that
credit counselling is right for you.
Debt Management
One of the major services that consumer credit counselling
organizations provide is assistance with debt management.
Working with the individual who needs help, the credit
counselling organization examines their various debts and tries
to help them find the best way to overcome their debts in the
shortest amount of time.
Often they will be able to find options for individuals that the
person might not have known existed... it's not as easy as
simply getting a loan, however, because the credit counselling
service is trying to help the individual to eliminate their debt
instead of simply shuffling it around.
They can assist the individuals with budgeting their income to
help pay off their debts, and also are able to negotiate
settlements with some creditors that greatly reduce the amount
that the individual owes.
Budgeting
Since credit counselling services are attempting to help people
to help themselves, a major part of the services that they
provide deals with helping people to use what they have to help
them get out of debt. Working
with the individual, a credit
counsellor can develop a budget plan that the person seeking the
assistance might not have been able to come up with on their own.
These budgets are often a bit tighter than some household
budgets, since they're designed with a focus towards eliminating
the debts that have been hanging around for a while.
Depending upon the severity of the debt, the credit counselling
service might also suggest more extreme measures like selling a
car in order to purchase a more fuel-efficient model for less
money and using the difference to pay off some of the debts. In
most cases, however, actions along those lines are unnecessary
and a basic budget is all that's needed.
Creditor Negotiations
In addition to assistance in creating a solid budget, credit
counselling services also work with an individuals creditors so
as to reduce the total debt that the individual owes. Credit
counselling agencies are often able to work out a settlement
with the creditor so that in exchange for greatly reducing the
amount of the debt the individual will work toward paying it off
within a specific period of time.
While the amount may be similar to that which would be settled
for in a lawsuit, the use of a credit counselling service to
make the negotiation saves both time and legal fees and serves
to stop the damage to your credit score sooner.
The amount of the reduction can vary depending upon the amount
owed and the creditor that it is owed to, but at times these
negotiations can reduce the debt by 50%, 75%, or more.
You may freely reprint this article provided the following
author's biography (including the live URL link) remains intact:
About the author:
John Mussi is the founder of Direct Online Loans who help
homeowners find the best available loans via the www.directonlineloans.
co.uk website.
|
|
|
|
|
| Negotiation - Wikipedia, the free encyclopedia |
| The first step in negotiation is to determine whether the situation is in fact a negotiation ... The book's approach, referred to as Principled Negotiation, ... |
| en.wikipedia.org |
|
| Negotiation Seminars Negotiation Training Negotiations Consultants ... |
| Negotiation and alternative dispute resolution seminars, negotiation training and video presentations with available keynote speakers. |
| www.negotiation.com |
|
| Program on Negotiation at Harvard Law School |
| Negotiation training, research, and publications from the world's foremost authority on negotiation and dispute resolution. |
| www.pon.harvard.edu |
|
| PON: Harvard Negotiations Project |
| Please visit the Harvard Negotiation Project website for complete information and ... The Harvard Negotiation Project's mission is to improve the theory, ... |
| www.pon.harvard.edu |
|
| The Negotiation Skills Company, Inc. |
| www.negotiationskills.com/ - 3k - Cached - Similar pages |
|
|
| Global Trade Negotiations Home Page |
| The Global Trade Negotiations Home Page at the Center for International Development at Harvard University - a centralized information resource on global ... |
| www.cid.harvard.edu |
|
| Principled Negotiation |
| Principled negotiation is the name given to the interest-based approach to negotiation set out in the best-known conflict resolution book, Getting to Yes, ... |
| www.colorado.edu |
|
| Salary Negotiation and Job Offer Tutorial |
| Job-seekers: Learn the basics (and advanced techniques) of the art and strategy of salary negotiation (getting the salary you want) in this tutorial. |
| www.quintcareers.com |
|
| Salary Negotiation and Job Offer Tutorial -- Map of the Tutorial |
| Site map to an expert (and free) tutorial on the art and strategy of salary and job offer negotiation. A guide to assist every job-seeker with salaries. |
| www.quintcareers.com |
|
| Win-Win Negotiation - How to reach a fair compromise - Negotiating ... |
| This article and free worksheet help you negotiate fair compromises with people whose goodwill you need. It highlights the importance of good negotiation ... |
| www.mindtools.com |
|
| negotiation journal |
| www.springerlink.com/link.asp?id=102591 - Similar pages |
|
|
| Apache Content Negotiation |
| Apache's support for content negotiation has been updated to meet the ... Apache 1.2 supports 'server driven' content negotiation, as defined in the ... |
| httpd.apache.org |
|
| JobStar--Salary Negotiation Strategies |
| JobStar is a public library sponsored guide to information for the job search. Sections useful for California are: 1500 job hotlines, calendar of job and ... |
| jobstar.org |
|
| Eric C. Gould's Negotiation Site |
| Subscribe to newsletter with negotiating tips and techniques. |
| www.batna.com |
|
| free negotiation training for sales, debt, contract, salary ... |
| Free negotiation skills training for sales, contracts, debt, salary and contracts, negotiating with creditors, negotiation skills and techniques, ... |
| www.businessballs.com |
|
| Monster.com: The Negotiation Coach |
| Salary Negotiation Advice from HR Managers · Negotiating Your Future Salary Today · Overlooking Their Interests -- A Big Mistake in Salary Negotiations ... |
| midcareer.monster.com |
|
| Negotiation Articles |
| Negotiation articles for the busy entrepreneur written by a diverse group of experts, speakers, professionals, consultants, and marketing companies. |
| www.pertinent.com |
|
| CareerJournal | Negotiating Tips - Salary Negotiation Tips ... |
| Salary Negotiation Tips - When it's time to negotiate salary changes, trust Career Journal to give you the best and most current career salary information. |
| www.careerjournal.com |
|
| PON Clearinghouse |
| Welcome to the Program on Negotiation Clearinghouse, a resource center for people interested in learning and teaching about negotiation and alternative ... |
| www.pon.org |
|
| :: Negotiations Affairs Department :: |
| Information on the issues, history, developments and positions regarding Palestinian-Israeli peace negotiations. |
| www.nad-plo.org |
|