Consumer Comeback Blog

Credit Score Glossary: Credit Counseling

Credit Counseling: Personalized counseling services for borrowers who have gotten themselves into a lot of debt.

Credit counseling is a part of debt management, and the process usually involves trying to establish a planned method of debt relief. Consumers may be required to pay fees for credit counseling services, but should be aware that some so-called counselors may be fraudulent. Consumers should consider using the services of credit counseling firms affiliated with the National Foundation for Credit Counseling or The Association of Independent Consumer Credit Counseling Agencies.