non-profit credit counseling

Non-profit credit counseling is a service where trained advisors help individuals understand their financial situation, create a manageable budget, and explore options for managing debt. These agencies are non-profit, meaning their goal is to assist rather than profit. They often work with creditors to negotiate better repayment terms and may offer debt management plans to help clients pay off debts more effectively. The counseling aims to improve financial stability, reduce stress, and promote responsible money management, ultimately helping individuals regain control over their finances.