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2. Erase Your Credit Card Debts with Free Credit Card Counseling People who own credit cards seem to have a common problem, and that is the payment of their credit card bills. Having a credit card is very helpful, especially in times of emergency. However, some people just come up with their own emergencies just so that they can buy the things they want.

3. Maxing Out Of One’s Credit Limit This practice just leads to the maxing out of one’s credit limit. And since most individuals have more than one credit card, it can even happen that every single credit card will be maxed out. When this happens, the owner of the credit card becomes heavily in debt, and he will have a hard time paying his bills.

4. Elimination Of Debts Credit counseling can be extremely helpful when it comes to the elimination of debts. There are many credit card counseling agencies that offer their services to clients, and some of these agencies even offer free credit card counseling services.

5. Large Non-profit Companies In the internet, you can find a lot of companies that offer free credit card counseling. Large non-profit companies have programs designed to help people overcome their financial burdens.

6. Debtors From Filing For Bankruptcy Extreme cases of credit card debts can lead to bankruptcy, and the main goal of free credit card counseling services is to prevent debtors from filing for bankruptcy as much as possible. Bankruptcy can really do some serious damage to one’s credit standing in the future.

7. Risk Of Having Default By Declaring Bankruptcy However, most of the companies that offer free credit card counseling are funded by credit card companies and banks, which rely on the free credit card counseling agencies to collect debts on their behalf. Banks and credit card companies will rather settle for something less than what an individual actually owes than to bear the risk of having him default by declaring bankruptcy.

8. Major Credit Bureaus It is also important that you read the fine print before engaging the services of free credit card counseling companies, because sometimes there are fees that are associated with their services, such as securing your credit report, which you can really get for free from major credit bureaus.

9. End Up Damaging Your Credit Scores One thing you have to know about free credit card counseling agencies is that they may end up damaging your credit scores, especially if they are not meticulous enough in the repayment of your debts to your previous creditors.

10. Legitimacy Of The Company There are plenty of these agencies in the market, so you have to be very careful when choosing an agency to work with. Remember that a free credit card counseling agency is there to help you, not to bring you more damage. Make sure you check the legitimacy of the company before doing business with them.

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