4 Tips for Finding Credit Counseling in Edinburg Texas

Finding a credit counseling service shouldn’t be done in a rush. Look for a company that you can trust. Here are some of the tips for finding credit counseling in Edinburg that can help you get out of your debts.

Look at Their Services

Some credit counseling firms might offer a form of debt consolidation in Edinburg. Others provide debt settlement, debt management plans, and debt relief assistance. Choose a company that handles multiple debt relief services. That means they have the knowledge and expertise to guide you through the process.

Know How It Works

Credit counseling is meant to provide the help you need in developing a game plan to manage your finances. That’s why you need a credit counselor. You and the counselor will assess your finances. They’ll develop a strategic plan based on your cash flow, needs, and lifestyle. To choose a counselor, ask them about their process. If a credit counselor offers a cookie-cutter plan and doesn’t even address your needs, that’s a red flag. Go elsewhere. An honest credit counselor is going to discuss debt consolidation loans, debt management plans, and debt settlement. Some credit counselors cannot discuss debt settlement because their non-profit status is funded by the creditors you owe and creditors lose some more of their profits if you chose debt settlement or even bankruptcy as an option.

Ask Questions

Prepare a list of questions that you can ask. It’s easy to lose track of everything you need to cover during a conversation or consult. Your list serves as a reference. All you need is to look at it to remember what you’ve missed. If you want to be thorough when you evaluate your credit counseling options, start working on that list of questions.

Consider the Risks

A reliable company will not only talk to you about the pros of debt consolidation or debt settlement. They will also tell you all about the risks you’re taking. If the company only highlights the positives and seems to want you to sign up with them right away, you could be dealing with a dodgy service provider. Keep looking until you find one that’s reliable and provides you with equal information on the pros and cons of your options. 

Research Texas Companies with the Better Business Bureau

Texans usually feel more comfortable doing business with a company in Texas. Also, many out-of-state debt settlement companies charge very large fees. Even some companies located in Texas might charge you 20 or 25% of the debt. Look on the BBB for an accredited company with fees more in line with 15% of your debt. Read any complaints and look for a company that meets the BBB Accreditation standards.