More For Your Money - University of Illinois Extension

Credit Counseling

If you’re not disciplined enough to keep track of your bills, make a budget and stick to it. Or if you can’t work out a repayment plan with your creditors, consider contacting a credit counseling organization.  Many credit counseling organizations are nonprofit and work with you to solve your financial problems.  But be aware that just because an organization says it’s “nonprofit,” there’s no guarantee that its services are free, affordable, or even legitimate. 

Many credit counselors offer services through local offices, the Internet, or on the telephone.  If possible, find one that offers in-person counseling.  Many universities, military bases, credit unions, housing authorities operate nonprofit credit counseling programs.  Check with your financial institution, local consumer protection agency, and friends and family for local programs.

Reputable credit counseling organizations can help you manage your money and debts and develop a budget.  Make sure that you understand their programs and the fees that may be charged.