When you go through credit counseling, you can expect the following:
A review of your financial situation: The counselor will look at your income, expenses, and debts to get a complete picture of your financial situation. They'll also ask about your goals and what you hope to achieve through credit counseling.
A budget plan: The counselor will help you create a budget that considers your income, expenses, and debt payments. This will help you see where your money is going and identify areas where you can cut back to free up money toward paying off debt.
A debt repayment plan: The counselor will work with you to devise a plan to pay off your debt. This might include prioritizing certain debts to pay off first, negotiating with creditors for lower interest rates or monthly payments, or consolidating your debt through a debt management plan.
Ongoing support: Credit counselors support you throughout paying off your debt. They'll be available to answer questions and provide guidance as you work to improve your financial situation.
A personalized plan: Credit counseling agencies will offer a personalized plan based on your individual needs, financial situation, and goals.
It's essential to keep in mind that credit counseling is a process and not an instant solution. You have to be committed and stick with the plan to see the benefits of credit counseling.