The Role of Credit Counseling in Preventing Foreclosure
Credit counselors help families organize debt, negotiate with lenders, and stop foreclosure before it starts.
Haidee
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Credit counseling is one of the most underused foreclosure prevention tools. Certified counselors work directly with lenders to find solutions that fit your income.
What They Offer:
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Personalized debt management plans.
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Negotiation support with lenders.
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Education on budgeting and credit improvement.
Cost: Many HUD-approved agencies provide services for free or at low cost.
Benefit: Homeowners often qualify for better repayment terms or avoid foreclosure entirely.
