Print PDF

Debt Counseling  was originally provided to consumers by organizations like The National Foundation for Debt Counseling  and its main affiliate, Consumer Debt Counseling  Services. These non-profit organizations can now be found in just about every major city in the U.S. The purpose of the service, which is still backed by credit card companies, was to keep lines of communication open between borrowers and credit card issuers. The counseling arrangement usually benefitted borrowers by providing reduced rates, easier terms, and/or lower payments to the credit card companies.     

By the late 1990’s, burgeoning consumer debt numbers were bringing hundreds of new companies seeking profits into the Debt Counseling  arena. These companies often positioned themselves alongside the non-profits using Debt Counseling  or similar terms in their company names while offering services that went well beyond Debt Counseling . 

Today, Debt Counseling  is more of an umbrella term covering companies that do anything associated with debt relief. In addition to offering standard debt relief options, these companies generate fees by arranging referral agreements with bankruptcy attorneys, mortgage brokers, and real estate agents. The partnerships are often not fully disclosed to consumers that are referred to these outside services.    

The meaning of Debt Counseling  has changed in many ways over the last decade as non-profit organizations are out-marketed by for-profit corporations that now operate in the category. Many of these corporations deliver positive results and do good work for their clientele but there are many less reputable firms that operate at the expense of their customers for their own profit. If you are considering using the services of a credit counselor, Contact 800 Debt Settlement to see how other debt relief options could provide superior results for your specific circumstances.

Start the Process

First Name
Last Name
Primary Phone
Cell / Work Phone
Unsecured debt
Monthly Income
Are you current or past due on credit cards?
Are you experiencing financial hardship?
Do you own or rent your home?
Are you current or past due on your Mortgage
Enter the text shown in
the image?