Yesterday in Washington on the NAPFA Your Money Bus Tour we had a few questions from consumers who are in need of debt counseling. A large number of consumers seeking counseling are unwilling or unable to pay for advice so advisors frequently refer to Consumer Credit Counseling. However it's important to point out that when looking for help, consumers should be sure to seek out an organization that is not-for-profit. This will ensure that the organization is working in the interest of the consumer. Also check the National Foundation on Consumer Credit Counseling and your state's regulatory office to determine if the organization is legitimate. Also, consumers should be aware of any organization that charges high fees and/or promises to "get you out of debt" in 6 months or guarantees perfect credit.
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