Credit Counseling 101, When, Why And What To Expect


Credit Counseling 101, When, Why and What to Expect

Learn about Navicore Solutions and what we do in this excerpt from Experian's weekly #CreditChat on Twitter

For more information you can watch the video of the panel discussion below

Who we are: Navicore Solutions is a national leader in the field of nonprofit financial counseling.  What sets our organization apart is the quality and depth of our counseling model, as well as our longstanding commitment to acting in the best interest of our clients.  We provide compassionate counseling solutions to consumers nationwide in the areas of personal finance, consumer credit, student loans, foreclosure prevention and housing.

Excerpt from the Twitter chat:

What is nonprofit credit counseling?

Credit counselors provide unbiased advice for your individual financial situation & offer practical solutions to meet your needs.

What services do nonprofit credit counseling organizations provide?

Credit counselors provide financial education, advice on budgeting, student loans, housing, bankruptcy, & debt management plans.

Where can people go to find a nonprofit credit counseling organization?

The NFCC (National Foundation of Credit Counselors) is the largest nonprofit financial counseling association in the US. A great place to start when looking for a counselor.

What should people look for in a nonprofit credit counseling organization?

Look for NFCC membership, nonprofit, BBB A+ rating & Coalition Of Accreditation membership and certified credit counselors.

Is there a fee to talk to a credit counselor? 

Fees are determined by the service you need, the state you live in and may even be waived depending on your individual circumstance.

What happens during a credit counseling session? 

Here's what you can expect when you call a nonprofit credit counselor.

When should someone talk to a credit counselor? 

If you are facing financial difficulty or struggling to pay your bills a credit counselor can help to get you back on track.

How does credit counseling differ from credit repair?

Credit repair can mean removing errors on your credit report for a fee. Counseling provides personalised solutions for money management and debt repayment.

How can people ensure their information is secure when talking to a credit counselor? 

All Navicore's credit counseling sessions are completely confidential and all systems have the highest level of security.

Any final tips for someone considering working with a credit counselor? 

Nonprofit credit counselors are a great source of free financial education material and advice. Take advantage of what they have to offer.


Lori from Linked in

Lori Stratford is the Social Media Strategist at Navicore Solutions. She promotes the reach of Navicore's financial education to the public through social media and blog content.

You can follow Navicore Solutions on Facebook, Twitter, LinkedIn and Pinterest.  We'd love to connect with you. 

Go Back