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How Consumer Credit Counseling Works

Clever Girl Finance

For-profit credit counseling agencies charge fees for their counseling services, which means their plans are generally more expensive. Your counselor might suggest how you can budget or reduce your expenses (maybe with a low-buy year) to pay off your debt as quickly as possible. Department of Justice.

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Transcript: John Hope Bryant

The Big Picture

One, it doesn’t have a budget allocation from Congress. They’re a budget, they’re a check writing organization. They give you criteria at the state and local level and they give you money, they incentivize you with grant payments from the federal government to meet that criteria. I got President Bush, George W.

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