What should I beware of in hiring a credit counselor?

What should I beware of in hiring a credit counselor?

When hiring a credit counsellor, firstly be wary of anyone who doesn't want to set up a budget plan for you, because that really should be the first thing they do. If they're not willing to do that, then they're not very good credit counsellors. Secondly, be wary if they're rushing you into a payment-plan because if they put you into a payment plan, some of their compensation comes from the lenders that they're repaying. So, if the credit counsellor in too much of a rush to get you into paying off debts then they're working for the lenders, they're not really working for you. The third thing that you want to be aware of is whether or not they are going to be charging you any fees. You should not be paying high fees for any of this. A budget plan - $20 to set up a budget plan should be enough. Members of the National Foundation for Credit Counselling on average charge about $23 to set up a repayment plan and then they charge about $14 per month to maintain that payment plan. If you're being asked to pay more than that, you're being asked to pay too much.