Credit counseling and debt-management services are generally offered by nonprofit organizations such as NFCC.org. Any setup ...

Here are some things you can do this week if you have debt that you want to either lower or eliminate altogether.

Credit counseling and debt settlement are two common methods of debt management. While they may seem the same at first glance, they’re actually quite different.

With debt settlement, you hope to have a third party negotiate a lower payoff amount. With debt management plans, a credit counseling agency helps you organize a payment plan.

Once a debt management plan is set up, you’ll typically make a monthly payment to your credit counseling service, which uses that money to repay your balances.

Credit counseling can give you the psychological and practical lessons necessary to climb out of the red.

The nonprofit offers free credit counseling and for a small fee, you can work with advisors to create a debt management plan.

GOBankingRates spoke with financial experts to learn five of the key signs you have a serious debt problem -- and some steps you can take to fix it.

STAFFORD, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Money Management International (MMI), a leader in nonprofit financial counseling and education, announced a dramatic 35% increase in new clients ...

TOPICS: Credit counseling Debt management Interest rates Credit card debt Financial resources Nonprofit agency Consumer education Success stories ...

Unlike self-directed debt payoff strategies or counseling, debt consolidation involves borrowing money, which means qualifying based on your creditworthiness.