Once you have taken the time to think about all your options for debt relief, you must take a moment to decide what one will be best for you. It will need to be a choice that will have you taking various things into account. Each situation is going to be different and what fits one person may not fit you. Debt consolidation is great for those who don’t want or need any debt principal reductions, but it may not be right for those who want to see the principal amount reduced if they get into debt again.

If you have thought about credit counseling programs, then it is important that you sign up, if that makes the most sense to you and your situation. Keep reading to see if you think credit counseling is right for you.

Your Financial Situation

Credit counseling will only make sense if your debt is considered to be manageable with some minor tweaks to the debt terms and interest rates. That means that it will not be a good option if you have more than $10,000 of debt. Once the total debt amount hits that or higher, then the benefits that come from debt settlement will be much better than any negative effects on your credit score.

However, if you have less than $10,000 debt, then credit counseling can help you to pay off your creditors and solve borrowing issues before they get out of hand and you end up in bankruptcy. Your counselor will work hard to lower your interest rates, and this can lower monthly payments and put you on the road to being debt free.


Your temperament is going to be a deciding factor in your debt relief program. If you are patient by nature, then credit counseling is going to be a great choice because it is not the quickest way to go. It can take many years to pay off debt under a great counseling plan, so if you are okay with waiting because it may be the right solution.

However, debt settlement is better if you are tired of being patient and want to remove your debt in less than 3 years. Debt settlement companies can get your debt to a point where you can be debt free in less than a year. Depending on what you owe, it can be possible that credit counseling can do the same thing, but you will end up paying more because our principal was not reduced. Yet, that doesn’t mean that you should not think about credit counseling especially if you want to learn how to get yourself financially straight.

Be Sure about the Best Solution for Your Debt

Be sure to think about your circumstances and if credit counseling will be the best solution for you. Fill out the debt relief form to see if it is right for you.

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