Credit Counseling

Written By Melissa Cook
Mar 14, 2023
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Credit counseling is a service offered to individuals who are struggling with debt management or are looking to improve their financial situation. 

It is a process that involves working with a trained credit counselor to review your financial situation, create a budget, and develop a plan to manage your debts effectively.

Credit counselors are trained professionals who work with individuals to provide guidance on how to improve their financial situation. They may work for non-profit organizations or for-profit companies that specialize in credit counseling services.

The role of a credit counselor is to help clients understand their financial situation, identify potential areas for improvement, and develop a plan to achieve their financial goals. This process typically involves several steps.

First, the credit counselor will review the client’s financial situation, including their income, expenses, and debts. This helps the counselor to understand the client’s current financial position and identify any areas where they may be able to save money.

Next, the credit counselor will work with the client to create a budget that is tailored to their specific needs and goals. This budget will help the client to better manage their money and prioritize their expenses.

Once the budget has been established, the credit counselor will work with the client to develop a debt management plan. This plan may involve negotiating with creditors to reduce interest rates or develop a payment plan that is more manageable for the client.

In addition to debt management, credit counselors may also provide guidance on other financial matters, such as saving for retirement, building credit, and managing investments. They may also offer educational resources, such as workshops or online courses, to help clients improve their financial literacy and make informed financial decisions.


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About Americor

Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

18200 Von Karman Ave, 6th Floor Irvine, CA 92612
New Clients:
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Existing clients:
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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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