Credit counsellors look and analyse your financial situation and help you work out a plan to pay off your debt. Counsellors help to create a money management plan as well as a debt pay down plan and also provide free resources and workshops related to money management.
Credit counsellors have a deep knowledge of how to manage the debts in an efficient manner. They guide their customers on how efficiently they can manage the credit and that ultimately will help their credit score to increase. They are also involved with negotiating with creditors to establish a debt management plan for their customers.
Therefore credit counsellors can be a complete package for your credit health.
Credit counselling usually works on these steps:
• Firstly, they will assess your current financial conditions to see how bad your credit health is.
• If there is a need for credit counselling, they will help you establish a restructuring your credit health.
• The counsellors will provide knowledge on credit and finance, and how it will help you for the rest of your life.
• They will also qualify you for lowest interest rates on loans and credit cards by increasing your credit score.
Credit Counselling hurts your Credit?
Rather hurting, opting for credit counselling will enhance your score. If you work according to the plan provided by them, it will naturally improve your score as well as your credit history.
Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.