SOURCE: DebtAdvice.org

June 22, 2010 15:34 ET

Do Your Homework Before Considering a "Quick and Easy" Debt Relief Option

National Foundation for Credit Counseling and the Association of Independent Consumer Credit Counseling Agencies Offer Consumer Tips on Evaluating Debt Resolution Options

SILVER SPRING, MD--(Marketwire - June 22, 2010) -  For the many Americans struggling to climb out of debt, promises of quick relief seem too perfect to pass up, but many of these offers can end up costing you and your credit score more than you bargained for.

It's hard not to notice the countless ads from companies who make claims of quick financial freedom. Some offers require up-front fees and may instruct people to stop paying bills and communicating with creditors. Falling for these claims could end up costing you money, cause your account to go into collections, or even result in a judgment or garnishment of your wages, leaving you worse off than when you began.

The National Foundation for Credit Counseling (NFCC) and the Association of Independent Consumer Credit Counseling Agencies (AICCCA) are recommending that consumers investigate and understand any debt resolution option before considering it as a way out of financial distress. It is important for those struggling with debt to understand how debt resolution really works and who they can trust before reaching out for help. The NFCC and AICCCA encourage consumers to contact their creditors directly or for a non-profit option visit www.DebtAdvice.org.

Download these tips to learn more about what to watch for when evaluating debt resolution options: www.westglen.com/online/Consumer_Information.pdf

National Foundation for Credit Counseling (NFCC) and the Association of Independent Consumer Credit Counseling Agencies (AICCCA) each have a long record of successfully helping restore financial stability to people's lives. For more information, please visit www.DebtAdvice.org.

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