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Helping people with bad credit is a booming business. There's a lot of money to be made helping people get out of debt. And where there's profit to be had, con artists are inevitably going to get involved and try to tap into the stream of cash flowing from consumers to companies.

As this story shows, there are good credit counseling companies and there are bad ones. By "bad," they mean there are companies that are primarily in the business of taking your money rather than negotiating with your creditors. They offer lousy service but charge a premium fee for it.

I call it predatory credit counseling: taking money from the very people who can least afford it, with the false promise of helping them get out of debt. If you really want to get out of debt, you first have to get your spending under control. Only then can you turn to credit counseling companies to restructure your debt payments to creditors.

Do your homework to find the honest firms. A good place to start, as mentioned in the article, is www.aiccca.org. Read up on this site, too, and stay informed. And be smart about it. Don't just hand over your money because some firm says they'll restructure your debt. In reality, your debtors may not be willing to negotiate with that firm.

There are very good debt counseling firms out there, of course, so don't think the whole industry is full of crooks. In fact, the industry as a whole offers a much-needed service to American consumers who are buried under a mountain of credit card debt. But make no mistake: until you get your spending under control, debt counseling is just a temporary fix to a deep-rooted problem.

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About the author: Mike Adams is a natural health researcher and author with a passion for teaching people how to improve their health He has authored more than 1,500 articles and dozens of reports, guides and interviews on natural health topics, impacting the lives of millions of readers around the world who are experiencing phenomenal health benefits from reading his articles. Adams is a trusted, independent journalist who receives no money or promotional fees whatsoever to write about other companies' products. In 2007, Adams launched EcoLEDs, a maker of super bright LED light bulbs that are 1000% more energy efficient than incandescent lights. He's also the founder and CEO of a well known email mail merge software developer whose software, 'Email Marketing Director,' currently runs the NaturalNews email subscriptions. Adams also serves as the executive director of the Consumer Wellness Center, a non-profit consumer protection group, and regularly pursues cycling, nature photography, Capoeira and Pilates. Known by his callsign, the 'Health Ranger,' Adams posts his missions statements, health statistics and health photos at www.HealthRanger.org


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Related Articles: • The Still Unsolved Problem of the Economy • Ten Sobering Predictions About the Aftermath of the Economic Stimulus Bill • Personal Debt Out Of Control; U.S. Economy Awash in Debt	Take Action: Support NaturalNews.com Email this article to a friend Share this article on: NewsVine | digg | del.icio.us Permalink to this article: http://www.NaturalNews.com/008569_debt_debt_counseling_credit_counseling.html Reprinting this article: Non-commercial use OK, cite NaturalNews.com with clickable link. Embed article link: (copy HTML code below): <a href = "http://www.NaturalNews.com/008569_debt_debt_counseling_credit_counseling.html">Some debt counseling non-profits are just looking to make a buck</a>