Prev

Next

Credit counselors indirectly work for the creditors

Filed under trans 4n 56n

Most non-profit free credit counselors are paid with a percentage of the money they collect for your creditors.

Again, we follow the money.

They have no incentive to try to reduce your total debt because that directly reduces their income.

What they try to do is arrange payment plans at a lower interest rate so more of what you’re paying actually goes toward the debt.

Be aware of the differences when looking for debt assistance.

Leave a Reply