What is a benefit of using a credit counseling service?

Using a credit counseling service can greatly assist individuals struggling with debt by helping them create manageable repayment plans. This is a key benefit of such services, as they work with clients to assess their financial situations and develop a personalized plan aimed at making debt repayment feasible and less burdensome. Credit counseling services typically consider the individual's income, expenses, and debts to create realistic budgets and payment arrangements, which can ultimately lead to improved financial stability.

The focus of credit counseling is on education and support, providing individuals with the tools they need to manage their debt effectively rather than promising unrealistic outcomes such as debt forgiveness, which is not a guaranteed service provided. Other options, like cash advance services or eliminating credit history checks, are not typically associated with the offerings of legitimate credit counseling, making the creation of manageable repayment plans the primary benefit of seeking their assistance.