From Deseret News archives:

Some tips on finding a legitimate credit counselor

Published: Sunday, May 18, 2008 12:33 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Some tips on finding a legitimate credit counselor:

1. Make sure the agency is registered to do business in Utah. Registered businesses are bonded, and the Utah Division of Consumer Protection has conducted some financial audits. Visit www.consumerprotection.utah.gov/education/registered_credit_service_orgs.pdf for a list.

2. Ask these questions:

• What services do you offer? A wide range is good.

• Will you help me develop a plan to avoid future problems?

• What are your fees? The National Foundation for Credit Counseling advises consumers to be wary of voluntary fees. Set-up fees should be reasonable, around $50 or less, and monthly fees should be in the $25 range.

• What if I can't afford to pay your fees?

• What qualifications do your counselors have? Are they accredited or certified by an outside organization? What training do they receive?

• How will you keep my information confidential and secure?

Story continues below
• How are your employees paid? Are they paid more if I sign up for certain services, pay a fee or make a contribution to your organization? If so, be wary.

Sources: Federal Trade Commission, Utah Division of Consumer Protection, National Foundation for Credit Counseling

Recent comments

the FDIC also offers a program on its webpage called moneysmart. It...

lost in DC | May 18, 2008 at 11:05 a.m.

previousnext

Latest comments

RSL's Rimando makes 3

So Great!!! So Proud - Love RSL - Bring Home The CUP!!!!!

mr cannon's bold assertation that the purpose of the first ammendemnt as...

RSL heads to MLS title game

Great great great game!!!! Nicky Rimando is a god! We're the most complete...

I had the game on DVR and just watched it. That was the most exciting game...

RSL heads to MLS title game

financially cannot this year, but I will watch loyally, how great to hear...

This is hardly surprising. Bennett has a remarkable arrogance which is also...

RSL heads to MLS title game

I guess that is why "they play the game" as Herman Edwards would say.. ...

BYU happy to escape with victory

What was the score of the LSU vs LA tech game? Alot closer than you'd like to...

Has Fedor not said that THIS IS OUR YEAR all year long? Go back and...

This is just a small glimpse of the future with Obamacare: corruption, waste...

Advertisements
Advertisement