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Every state has at least one group which can offer you credit counseling, and such services are usually available at little or no cost. You can also check with your employer, credit union, or housing authority for cost-free credit counseling programs. These not-for-profit credit counselors can help you find ways to consolidate your debt. They can also give you advice on how to contact your creditors to work out a more manageable payment plan. And lastly, a credit counseling agency can help you develop a sustainable budget and show you how to stick with it.
Be aware of companies that offer to repair your credit overnight or other easy fixes. Most of these are scams that lure you in with unrealistic promises, but fail to deliver. Save your money, your time, and your good name.
We hope these tips have been of assistance. The U.S. Federal Trade Commission has compiled a more detailed collection of information about what you can do to improve your credit. It is available here.
