Credit counseling organizations

Credit counseling organizations are nonprofits that help individuals manage their debt and improve their financial health. They offer free or low-cost advice on budgeting, spending, and repayment plans. A counselor reviews your financial situation, creates a personalized plan, and may negotiate with creditors for better terms. These services aim to reduce stress, prevent bankruptcy, and promote responsible credit use. Credit counseling is often a first step for those struggling with debt, providing guidance and support to regain financial stability.