consumer credit counseling

Consumer credit counseling is a service designed to help individuals manage their debts and improve their financial situations. Counselors provide guidance on budgeting, create debt repayment plans, and educate clients about credit management. They may negotiate with creditors on behalf of clients to lower payments or interest rates. The goal is to empower individuals to gain control over their finances and work toward becoming debt-free. Many counseling agencies are nonprofit and offer services for free or at low cost, focusing on providing support and resources to improve financial literacy and stability.