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2. Getting Help from a Consumer Credit Counseling Service When you are in deep trouble because of your debts and you have a hard time managing your finances, it is best to work with a consumer credit counseling service as soon as possible. Do not wait for creditors and debt collectors to knock on your door or call you on the phone everyday. You must start to take action now.

3. Too-good-to-be-true Offers Although you may need financial help at the soonest possible time, you must not fall trap to the many too-good-to-be-true offers made by unreliable companies. You must be very careful when choosing a consumer credit counseling service to work with as some companies are not really what they seem to be.

4. Not Legitimate Companies Commonly, organizations and companies that offer consumer credit counseling service will not charge a fee. However, if a fee is charged, it must not be more than $10. You should also be careful of companies that claim that they can help you repay your debt with little or no amount at all, because such companies are mostly not legitimate companies.

5. Registered With The National Foundation Checking out if the company or organization is registered with the National Foundation for Credit Counseling or the Association of Independent Consumer Credit Counseling Agency is a good way to find out if the company is a legitimate one.

6. Negative Effect On Your Credit Rating Once you have chosen a legitimate consumer credit counseling service provider, you have to make sure that you go through the monthly statements provided by the company. Always make sure that your consumer credit counseling service provider remits the payments to your creditors on time, since late or missing payments have a negative effect on your credit rating.

7. Your Financial Responsibilities Availing of a consumer credit counseling service does affect your credit rating, because it makes your creditors think that you are having a hard time paying your bills. However, this negative connotation is outweighed by the fact that you are proactively trying to manage your financial responsibilities.

8. Credit Delinquent A consumer credit counseling service provider may report your credit standing to your creditors either as credit delinquent or as someone who has taken up credit counseling. Knowing how the company reports you to your creditors is very important because it allows you to know where you stand with them.

9. Cannot Control Your Spending Consumer credit counseling service does work in most cases, and it is also known to work quite well in credit repair. The only time that this service ceases to be an option is when you are too heavily in debt and nearing bankruptcy. Of course, this service is not for you if you are a person who cannot control your spending.

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