Take care when choosing a credit counselor. TheFederal Trade Commissionnotes that nonprofit status doesn’t guarantee a credit counseling agency is legitimate. A reputable credit counselor should: be licensed to offer services in your state.
theminimum amount due, and the payment due date. Most credit cards offer an interest-freegrace periodon purchases, lasting 21 to 28 days from the statement end date to the payment due date.
1. The National Foundation for Credit Counseling TheNFCChas high quality standards for its nonprofit members. NFCC members are prohibited from soliciting potential customers with pre-screened offers (similar to pre-screened credit card offers) for debt management plans, which is a potentially abusive...