Consumer credit counseling agencies act as an intermediary between you and your creditors in order to establish a set monthly payment plan that your creditors agree to accept, and that you can afford.The method used to get your payments lower than what you may be paying today is simple enough to explain; your banks agree to lower your interest rates, and consolidate all of your payments into a single payment.
What happens is that the United States Department of Education contracts with companies like Nelnet to provide servicing options for their student loans.
Credit Counseling offers one of the most common and legitimate ways to get your credit card bills reduced and under control with a single consolidated monthly payment.
There are benefits and drawbacks to working with a credit counseling service.
You can sign up for these programs for free at Student
If you want help, we recommend Ameritech Financial, a company I’ve personally vetted.