Here we'll try to answer the credit related questions about Consumer Credit Counseling.
Will consumer credit counseling fix my credit report?
No. If negative entries in your credit report are correct, they will remain in your file for up to seven years—except for bankruptcy, which can remain for up to 10 years.
If you believe there are errors in your credit report, you must notify the credit bureau in writing. The bureau will follow up your request with your creditor. If the creditor agrees with you, your report will be changed.
Will credit counseling stop legal action or creditor calls?
In most cases, the credit counseling service will be able to work out a deal with creditors to stop any legal action and come up with a payment plan that will satisfy both sides. If you enroll in debt consolidation program then a majority of creditors will stop calling.
Do creditors contribute to the credit counseling firms?
Yes, most creditors support the services. If some of your creditors do not then credit counseling agency will still work with them to reduce your payments.
Why will creditors work through credit counseling instead of working directly with me?
At the Consumer Credit Counseling service they will evaluate your overall financial situation and will help you to come up with realistic options to solve your particular financial problems, so creditors prefer working with consumer counseling services and, through them, with you.
