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CredAbility, a nonprofit consumer counseling agency based in Atlanta, crunches national data in five different categories — employment, housing, credit, household budget and net worth — to compile the index.
You must go through consumer counseling; the lender — and the government — want to make sure you fully understand what you are pursuing.
Volunteer duties include assisting the department staff with telephone inquiries, interviewing consumers, researching documents, consumer counseling and screening of complaints.
"I looked into help with a consumer counseling service, but we can't participate because our income is too low to meet the payment requirement.
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"You have to get in writing that this is what they agreed to do," said Mechel Glass, director of education at CredAbility, a nonprofit consumer credit counseling agency.
The burden of educating debtors about bankruptcy -- before they file -- has fallen on a handful of consumer credit counseling services operating within the state.
The first offers what is often called consumer credit counseling, or debt management.
To credit card companies consumer credit counseling and debt management serve a function similar to that of a collections agency, getting less than 100 cents on the dollar out of debtors.
Call a consumer credit counseling service.
Don't consider debt consolidation or consumer credit counseling agencies your first stop.
Individuals who are unable to obtain a loan any other way will benefit the most from consumer credit counseling services.
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