Search
Recommended Sites
Related Links






   

Informative Articles

Debt Consolidation Advice: How to Find the Best Program
If you're deep in debt and having difficulty paying your bills, one of the best sources of debt consolidation advice and help is a credit counseling company. Credit counseling companies can offer you debt consolidation advice including how to use...

Five Keys To Overcoming Bad Debt Management
Bad debt management is at an all time high. More people are having more financial problems than ever before. Bankruptcy is at an all time high. Financial stress is tearing families apart. Many people think debt consolidation is the answer to all...

Real Estate Clubs Hot Among Investors
Six or seven years ago, the stock market was booming, Internet companies that no one had ever heard of were valued at billions of dollars, and anyone and everyone was investing their money in tech stocks. Then, in 2000, the stock market crashed, the...

Secured Loans In UK Are The Best Option For Borrowers
Taking a loan to fulfill the unceasing demands of a satisfying lifestyle is on the increase among urban and not-so urban dwellers in UK. Many reasons can be attributed to justify this fact. Lack of finances might be one of them but the most...

What Is Accelerated Debt Consolidation?
If you are covered head to toe in piles of debt, accelerated debt consolidation could be the best solution for your debt dilemma. Almost everyone faces this situation at some or another. Most people take one of several ways of getting out...

 
Finding an Accredited Debt Consolidation Credit Counseling Agency

Your financial integrity is extremely valuable and if you need help getting back on track the best people to go to for debt consolidation credit counseling is a professional, accredited agency. There are so many options that you can take to sort out your debts that it may seem overwhelming and a debt consolidation credit counseling service can help you to decide which is the best route for you to take.

A debt consolidation credit counseling agency will go through your financial situation and work with you, and your creditors, to create a repayment plan that you can keep to until your debts are paid off. There are literally hundreds of debt consolidation credit counseling agencies and it is important to choose the best one for you. One of the major factors that you should consider when searching for the best debt consolidation credit counseling agency to suit your needs is to check if they are accredited to a third party organization. Accreditation means that the services of the debt consolidation credit counseling agency are endorsed by another organization that confirms their high standards.

There are a number of organizations that a debt consolidation credit counseling agency can be accredited by but the most well known is the Council on Accreditation of Services for Families and Children, Inc. (COA). This guarantees that the debt consolidation credit counseling agency will adhere to high standards of service delivery, counselor certification, fiscal integrity, and volunteer Board governance. The COA does not give accreditation to every debt consolidation credit counseling agency and they only give their seal of approval to those debt consolidation credit counseling agencies who meet their exacting standards are given their seal of approval.

Many debt consolidation credit counseling agencies are members of the National Foundation for Credit Counseling. Debt consolidation credit counseling agents who are NFCC-certified have undergone a rigorous training and testing program.

To receive accreditation the debt consolidation credit counseling agency must comply with several service-specific quality standards such as:

* Annual audits of operating and trust accounts

* The debt consolidation credit counseling agency meets all consumer disclosure requirements as set forth by the Federal Trade Commission

* Funds are disbursed daily and funds are disbursed immediately in emergencies

* Each consumer receives an assessment of how he/she came to be in financial difficulty, a comprehensive financial plan, and a written plan of action

* Clients receive (at minimum) a quarterly statement

In addition, the COA has their own standards for service delivery & quality that a debt consolidation credit counseling agency must meet for them to be accredited which are:

* Meeting the needs of cultural/ethnic population groups in the communities they serve

* Fair and equitable treatment of creditors

* Minimum fee structures for consumers

* Presentation of educational programs

* Counselors who are NFCC-certified

* Having a branch counseling network in place for support their clients.

Finding an Accredited Debt Consolidation Credit Counseling Agency.

About the author:

Angela Rogers is the editor for http://www.debt-helper.info - Get an overview of student loan debt consolidation..

Sign up for PayPal and start accepting credit card payments instantly.