Department of Housing and Urban Development (HUD). If you need help with mortgage debt, you will be better off finding a Massachusetts credit counseling agency that’s certified by the U.S. There are currently no licensing requirements for credit counselors in Massachusetts. Not all US states require credit counseling firms to be licensed and Massachusetts is one of these states. Information to Research Before Talking to a Massachusetts Credit Counseling Agency Here is how you can get debt relief by getting free credit counseling in Massachusetts. How to Get Free Credit Counseling in Massachusetts You’re paying out 20 percent of your monthly salary toward unsecured debt payments You are struggling with student loans and steep medical bills You’re having trouble making timely payments on your debts You are probably an ideal candidate for Massachusetts credit counseling services if: If you want to know whether credit counseling in Massachusetts is right for you, you have come to the right place. Note that this method is typically used for settling a substantial debt with one creditor, but it can also be used to deal with several creditors. Debt settlement involves negotiating with creditors in order to settle a debt for a lower amount than what is owed. And as part of this debt management plan, the Massachusetts credit counseling company will negotiate lower monthly payments and interest rates with your creditors.ĭebt settlement and credit counseling are two different services. Massachusetts credit counseling services will often offer you a debt management plan. An initial credit counseling session often lasts one hour, with an offer of follow-up sessions. You will receive guidance on several matters, such as consumer credit, budgeting, and debt and money management. Massachusetts credit counselors discuss your whole financial situation with you and then help you create a personalized plan in order to solve your financial problems. Fortunately, many counseling organizations provide credit counseling at no or low cost. The cost of Massachusetts credit counseling services varies from one agency to another and according to state law. Massachusetts credit counselors are helpful as they will negotiate concessions from your creditors to eliminate or reduce interest charges and stop both late and over-limit fees. Massachusetts credit counseling agency services often include: For people who are finding it hard to pay their various debts and make ends meet, credit counseling in Massachusetts can provide guidance, information, and solutions. And Massachusetts credit counseling organizations can offer you proper guidance. In fact, there are many agencies that are willing to talk and work with you to alleviate your debt concerns. If you are struggling with debt, like student loans, it may seem as though there is no one you can turn to. How to Get Free Credit Counseling in Massachusetts.
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