Free Consumer Credit Advice For When You're Drowning

When you feel trapped under debt, there are a number of places to go for consumer credit advice without spending a dime. It is important to know that there are always options to get out of debt and rebuild your credit regardless of your credit history. These options may take time and be stressful, but they are there to protect people in similar compromised situations. Some places to go for advice:

Government Resources:

  • Fair Credit Reporting Act - This act insists on accuracy in your credit report and is the place to consult when you feel your report is false. 
  • Fair Debt Collection Practices Act - This act sets barriers for how a creditor can attempt to recover funds from you

Private Resources:

  • Free bankruptcy consultation - Most attorneys will provide you with a free consultation to determine if you qualify for bankruptcy. An hour may be all it takes to understand this option.
  • Non profit credit counseling agency - While these services are not free, they may be offered at a lower cost than through other agencies that are seeking a higher profit. 

When you feel you are drowning in debt, the first thing to do is stop spending. Next, learn your rights through the government laws regulating lending. Finally, take steps to repair your credit. 




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