Credit Counseling to Stop Foreclosure

One option most people don’t think of is using credit counseling to stop foreclosure. Credit or debt counseling is a service offered by debt relief companies, many non-profit, that is touted as an alternative to bankruptcy. The agency requires the debtor to complete a detailed budget, including all payments due on debt. Credit counseling agencies often claim that they can lower the total debt owed, therefore lowering monthly payments…. Read more »