Financial Education and Consumer Credit Counseling Service
Consumer credit counseling and debt settlement programs both start with a free consultation. This free consultation is designed to provide financial education, from an IAPDA certified debt counselor.
What is financial education and its importance?
Financial education gives you the information that you need to make the smartest financial choices.
First off: What is your goal financially?
Want to become debt-free faster?
Want to pay less interest?
Want to improve your credit score?
First, tell us what your financial goal is.
Where do you want to be in 3-5 years?
A debt counselor can then help you explore your financial debt solutions and understand your options, including the pros and cons of each.
The debt counselors at Golden Financial Services have many years of experience dealing with consumer credit counseling, credit repair, debt negotiation, loans, and debt validation.
And aside from being experts at understanding debt relief programs and credit counseling, Golden Financial’s debt counselors are real financial gurus. After receiving a free consultation and financial education, you may decide to avoid all debt relief programs and instead use the debt snowball or avalanche method to save money and get out of debt faster.
Maybe, all you need is to create a budget analysis and restructure the way your creditors are getting paid each month.
How can I get financial education?
Get free financial education by calling (866) 376-9846 now. Talk to an IAPDA Certified Debt Counselor. Learn about budgeting, do-it-yourself debt-relief options, credit counseling, and credit card debt relief programs all within one simple and quick phone call.
By getting the appropriate financial education before deciding on consumer credit counseling, debt settlement, or even bankruptcy, you can be sure to pick the right financial debt solution.
Considering Bankruptcy and need a Chapter 7 Credit Counseling Certificate?
A bankruptcy judge will require a person to get a consumer credit counseling bankruptcy certificate from a licensed credit counselor, illustrating that they have been educated financially before they are allowed to file chapter 7 bankruptcy.
Golden Financial Services is best known for providing A+BBB rated debt relief programs that keep people out of bankruptcy and on the path towards achieving financial freedom!
Financial Education Includes Understanding Consumer Protection Laws
The majority of people understand some of the basics, like how failing to make a monthly payment on time will cause your score to go down, but some complexities trip up the average consumer. Like when it comes to consumer protection laws, not every consumer is aware of how these laws work.
For example, did you know that with the Credit Card Act now enacted, credit card companies are required to disclose to consumers on their statements how long it will take for them to pay off their credit cards if they are only paying minimum payments? This information needs to be clear and easy to read. Your credit card companies can’t just raise your interest rates without fair notice, and there is a limit on how much fees they can charge you. The Fair Debt Collection Practices Act prevents collection agencies from being allowed to call a person at seven in the morning or ten in the evening. The Fair Credit Reporting Act makes it easy for a person to dispute an inaccurate notation on their credit report and get it removed.
Get free financial education by calling (866) 376-9846 now.
Consumers need to view a reliable debt calculator pay off tool.
Consumer credit counseling services or companies, along with the best debt settlement companies, will assist consumers with learning about all their options. A consumer credit counseling service or settlement consultation can be very educational, and consumers get the chance to ask questions for free to experienced debt counselors.
If you pay your debts on time, don’t carry too much debt on any one card, don’t close old accounts unless necessary and only apply for new credit when you have to you will be in good shape. However, it is essential to keep yourself informed so you can maintain a credit score that accurately reflects your consumer status.
A consumer credit counseling service should also explain to consumers that lenders use your credit report to judge your reliability as a loan candidate. Your credit report indicates your ability to handle debt responsibly and will help banks decide if you are a desirable loan customer.
A high credit score can help you lock in low APR rates or secure exclusive deals on loans. A bad credit report may prevent you from obtaining loans and can damage your ability to buy a car, open a credit card, or rent a home. A history of inability to manage your credit successfully will make lenders uncomfortable about trusting you with additional funds in the future.
Nonprofit consumer credit counseling services or companies can be reliable sources to obtain free information. However, when joining a consumer credit counseling service, there are negatives that consumers must be made aware of. Some of the negatives include a 3rd party notation going on a person’s credit report for up to 7 years. A 3rd party negative notation that appears on a consumer’s credit report when joining consumer counseling credit services indicates that the consumer was unable to manage their debts on their own and can be looked down upon by prospective lenders. Consumer credit counseling services are often plans that last for, on average, 4 to 5 years. Consumers can save money on interest when joining on credit consumer counseling programs, but will still pay back the entire balance on their cards, plus interest. Therefore this day and age, when a consumer joins a consumer credit counseling service, their payment may not be much lower than what the consumer would be paying if they were to continue paying only minimum payments.
You are entitled to a free copy of your credit report once a year. When you do receive your credit report, check to ensure the figures are accurate and act quickly to correct any mistakes.
Inaccurate information may include clerical errors, identity theft issues, or incorrect information. If your credit score is low, you should begin working on a financial rehabilitation plan, either on your own or with a certified debt counselor.
Our Consumer Credit Counseling Services
Golden Financial Services provides consumers with information on consumer credit counseling services and also debt settlement or debt negotiation services, helping consumers to find the right debt solution based on their particular financial situation.
Some consumers will not qualify for a consumer credit counseling service or debt settlement because they don’t have a hardship; they make too much money, may not have enough debt, and many other possible reasons.
To qualify for consumer credit counseling, you must answer “YES” to All Questions;
- Can you afford to pay at least “minimum monthly payments”?
- Do you have over $5,000 in credit card debt?
- Are you less than three months behind on credit card payments?
Thousands of people have been able to improve their credit score by merely obtaining educational information on how to pay off credit cards faster and learning better spending habits. You can learn the “10 Best Ways to Quickly Clear Your Credit Card Debt”, by reading this blog post that was just released by Golden Financial’s CEO, Paul J Paquin. What a phenomenal read for anyone who’s struggling to pay credit cards.
Consumer credit counseling service providers will also provide consumers with this helpful information on how to raise your credit score for free.
If you’ve had difficulty getting reasonable loans in the past, raising your credit score can help you qualify for lower interest payments. These lower payments can help you purchase a new car or even get into a new home.
Even if your credit score is good enough to get a loan, improving it by just a few more points can save you thousands. Increasing your credit score from 680 to 720 can save you a hundred dollars or more per month on your mortgage payment, saving tens, or even hundreds of thousands of dollars throughout your loan. Here are 24 tips on how to quickly raise your credit score.
Call 866-376-9846 now, and get the financial literacy that you need to get out of debt and achieve your financial goals.