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Health & Fitness

The Difference between Credit Counseling and Credit Repair



      If you ask anyone about both credit counseling and credit repair, everyone thinks that both services are the same. There is a difference between both services; credit repair is used to fix and help improve your credit score and help remove any fraudulent errors off your credit report, while credit counseling helps with your overall improvement of your credit score, budget planning, debt management plans and financial literacy.  Depending on your current financial or credit situation you could try both services or you could utilize one of the services.

   Credit counseling has been around for several decades.  With our services we put together specific plans geared toward your specific situation.  For example, let’s say you have a problem putting together short and long term financial goals. As a credit counseling service we help you create your short/long term financial goals and we work with you to get you to that destination.  Another feature that a credit counseling service provides is financial literacy being able to understand how a budget works. Budgeting is the most important when it comes to personal or business finance.  We work with both businesses and consumers in regards to these matters, most credit counseling services develop specialized plans to increase your cashflow and start saving.  If a consumer has a lot of credit card debt and high interest rates on their credit cards; credit counseling helps re-age( the accounts and lowers the interest rates on your credit cards so your payments can  be manageable.

     According to a CNN report and also 60 minutes, there are millions of Americans that have errors on their credit reports; this could be due to identity theft, old collection accounts that have passed the statue of limitations and etc.  The goal for a credit repair company is to remove these errors on your credit report.  Errors on credit score can lead to higher interest rates on your credit cards, mortgage, and could eventually lead to not landing that job you wanted.  Credit repair companies also have lawyers that fight on your behalf if there has been a violation to the FCRA (Fair Credit Reporting Act).

          If you have any questions please give us a call at 732-201-3060 ext 101. Our Cashflow Team is available 7-days a week for your convenience. Cashflow can provide credit counseling services in our East Brunswick office, over the phone or at your house if your in the Monmouth, Middlesex and Ocean counties. 

Cashflow Credit Counseling and Collections
Our team is available 7-days a week for your convenience 
200 Rt. 18 East Brunswick, NJ 08816
Phone : 732-201-3060 option #2
www.cashflowcci.comwww.facebook.com/Cashflow07734 or email us at info@cashflowcci.com

CASHFLOW WILL BE ON TOUR IN NJ, BE ON THE LOOKOUT :) 

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