What does credit counseling provide?

Credit counseling primarily provides assistance with managing debt and credit. This service is aimed at helping individuals understand their financial situation, create a budget, and develop a plan to tackle their debts. Credit counselors work with clients to assess their income and expenses, prioritize their debts, and explore options such as debt management plans, which may involve negotiating with creditors for lower interest rates or more manageable payment terms.

The focus of credit counseling is on educating individuals about their financial behavior and improving their credit standing over time rather than making direct investments, approving loans, or filing taxes. This specialized support is particularly beneficial for individuals struggling with overwhelming debt or seeking to improve their credit score and financial habits.