The Fools here can help you do much the same thing as a reputable credit counseling service would: taking a hard look at your budget, balancing it, arranging your debts into a snowball order to target one after another, negotiating lower interest rates with your creditors, and making judicious use of balance transfers to save money on interest.Is a counseling agency (legit one anyway) better able to negotiate interest rate reductions than one could do on his own?Does the creditor look at the fact that the person is in a formal program and take that in consideration? Does the debt counselor have different channels available for negotiation? I just assumed that's the way it worked - that the creditor was more likely to help and the agency had relationships established that they use to the client's benefit.
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