You may want to use a credit counselor to help you. However, you need to be careful when you are choosing one. A badly chosen one may ruin your financial goal.
In fact, the very first thing is that you should try to find a counselor who can really help you. There are people who just want you to sign up for their services and take advantages from you. You should try your best to stay away from this people since it is certain that they will not be able to help you.
You are trying to find a credit counselor so that the monthly payment can be reduced. As a result, you will firstly need to know if the counselor works well with your current creditors. If the counselor has no relationship with your current creditors, you may need to approach another one.
Besides, you should also need to understand thoroughly how the counselor will work with the creditors. Remember, you are trying to reduce the payment each month. You should try to understand how the counselor will do. Will you get a lower interest rate? Will there be any fees to be eliminated? You should ask these questions when you meet the counselor.
You also need to know the payment schedule. You have to know when your counselor will pay the creditors. Make sure that they will be paid before the due dates otherwise you will be crazy when you know the late payment charges. As a result, you have to ask the counselor if they will pay the creditors according to the due dates or they will negotiate with the creditors to set some new due dates in order to meet your new payment schedule.
It is also important to know how you will pay the credit counselor. Most probably you will need to pay the counselor every month. However, you need to know how they will pay to the creditors after you pay them. Do you need to send a check to them every month? If possible, you should try to get a service which will withdraw money from your account every month since it will be a lot more convenient.
Of course the last thing is that you should ask clearly how much you are going to pay your credit counselor every month.
If you can consider the above thoroughly, it can be sure that you will be make a wrong decision when you are choosing the counselor.
