Credit Counseling

Here’s What You Need to Know About Credit Counseling

When you are battling financially, you will hear about several types of financial debt relief. While each one may sound promising, how can you determine which is legitimate and which one you should avoid? To answer those questions and to talk you through credit card, student loans, and other forms of debt, you should seek credit counseling. A credit counselor will review your financial situation as a whole and help you work out the right plan to pay off your debts. They will also help you create a doable money management plan, along with a debt pay down plan, and provide resources and workshops on money management. This can be a positive experience as long as you commit to the process. You should be honest about your situation, including how much you owe and who you owe. Along with your income, you also need to be upfront about your current expenses. A counselor will only be able to assist you if you are completely honest about your situation and are willing to seek help.

Credit CounselingCredit CounselingCredit CounselingCredit Counseling
Credit Counseling

Debt Counseling and Debt Management Plans

In many cases, debt counseling will include the implementation of a financial debt management plan. The counseling involves a counseling session wherein you will learn about your financial behaviors and credit card spending habits. The management plan will mean that you are entrusting your finances and credit card debt, to a company in which you will make monthly payments to. And the company will pass those along to your creditors. There are a few benefits to a management plan, but it’s important to realize it does cost money and means you have to give up some control over your debts. That means not paying your creditors, but making monthly payments to the management company.

Debt Counseling – 10 Questions to Ask

  • What is your debt counseling registration number?
  • Are you a member of a financial debt association?
  • What type of payment distribution do you use for credit card debt?
  • Do you use an accredited counseling system?
  • Which attorney would you use, should I have to be represented in court?
  • How long have you been in the industry?
  • What is your success with credit card repayments?
  • Do you offer money management workshops?
  • Can you teach me to be financially secure?
  • Will I learn to be financially responsible?

More About Credit Card Counseling and What You Need to Know

A credit card debt management company can assist with your financial debt. With credit card counseling and guidance, they may be able to contact your creditors to negotiate lower debt interest rates. You could do this yourself, but it does take preparation, knowledge, and a strong set of negotiation skills. It is important to realize that any type of management plan will cost you. You may be charged a monthly fee or even an initiation fee. Reputable agencies will disclose all their fees up front and will do so before they even ask for sensitive personal information.

Financial Debt Counseling – Is It Time You Got Help?

Financial debt counseling can be invaluable if you have racked up credit card debt or other types of debt. A counselor will teach you how to manage your credit card and your finances overall so that you don’t land yourself back in a sticky situation.

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Testimonials

I have dealt with Matt for a few years for a couple of matters for myself and for my mother-in-law. Matt has always been a man of his word; anything he said he would do was done as expected. He provided timely and accurate advice when requested. Matt never pushed services that were not required and at certain times he recommended less costly services that would achieve the same results. I highly recommend him as very honest and ethical. He always disclosed fees in advance and there were never any "surprise" fees.— jimcar13
Mr Nahrgang was easy to work with, and did an excellent job with my case. Though my case turned out to be more complex than we had originally realized, he handled every complication promptly and competently.— eyedoc89
I was first recommended to Matthew Nahrgang by a friend. I was having serious financial issues at the time. I went to Matt and had a conversation which set my mind at ease. He is straight to the point, honest and tells you how it is. No frills kind of guy. He also is confident in his business and knows the law very well, which is what set me at ease. It was not near a big deal as I thought it to be. He does what he says he is going to do and does it in a timely manner. I have used Matt a few times now and I've recommend him to many of my friends and business acquaintances. I highly recommend Matthew Nahrgang!— my1leelee
In relation to my bankruptcy and in retrospect, I was thankful that I had discovered Mr. Nahrgang and had engaged him to respresent me in my case. I found him to be respectful, understanding, highly knowledgeable and trustworthy. I appreciate all that he did on my behalf and have recommended him to friends and family.— Orangefit09
Areas we serve
The Collegeville, Pennsylvania based law firm of Nahrgang & Associates, P.C. represents clients in the counties of Montgomery, Bucks, Delaware, Chester, Berks, Philadelphia, Lancaster, Northampton and Lehigh including the communities of Collegeville, Jenkintown, Doylestown, West Chester, Reading, Media, Allentown, Norristown, Phoenixville, Quakertown, Pottstown, Lansdale, Royersford, Plymouth Meeting, Exton, Conshohocken and King of Prussia, PA.
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Nahrgang & Associates, P.C
35 Evansburg Road, Suite 3 Collegeville, PA 19426
Phone: 610-422-3651
Toll Free: 888-773-6714
Fax: 610-489-3042