Consumer credit counseling services are basically concerned with
A)lending the money to destitute people.
B)giving debtors food and shelter.
C)helping destitute debtors to relocate in less expensive areas.
D)preventing and solving the problems related to credit overextension.
E)getting you more credit

Question

Quizplus · Accepted Answer

Consumer credit counseling services are focused on preventing and solving problems related to credit overextension. They provide guidance and assistance to debtors in managing their debt and finances, creating budgets, negotiating with creditors, and developing a plan to pay off their debt. The goal is to help individuals avoid bankruptcy and other serious financial problems that can result from excessive debt. Consumer credit counseling services do not lend money or provide food and shelter, nor do they aim to get individuals more credit.

Consumer Credit Counseling Services Are Basically Concerned with