Just Good Financial Advice?

We just came across this video which gives some solid advice on a few things you can to begin improving your overall financial situation. These tips may seem second nature to many, but, continuing to hit the fundamentals is what makes you a master over your personal finances.

We do caution you however on the advice regarding credit counseling services. While it is true that these organizations are non-profit, you should be aware that they receive the majority of their funding from the credit card companies. This represents a potential conflict of interest that may be too big to ignore.

This conflict of interest could lead to a recommendation that is more agreeable to the funding credit card companies than could otherwise have been obtained by working directly with the credit card company.

Have you worked with one of these credit counseling agencies? We’d love to hear your story, and whether you feel that the deal worked out was good for you, or seemed to be skewed in favor of the credit card company. Leave your story and comments below.

Additionally, if you have negative information on your credit report that may not be being reported according to the law we would love to help you with our credit repair services.

About Anthony Candella

Anthony is the founder and Directing Attorney of YourCreditAttorney.com and has been helping consumers just like you understand and improve your credit and financial situation since 2003.

  • http://www.kgaction.com/ Mary Kaplan

    Yes, understanding the fundamentals of maintaining healthy finances is critical to all of us, especially when times are tough. Your comment about unscrupulous credit repair companies is right on. Can you suggest any ways to determine the credibility of a credit repair company? I know that working with a specialist who is truly committed to the customer would be very attractive to people struggling to make sense of their financial problems.