How to get Free Credit Counseling in Iowa

Find Iowa Nonprofit Credit Counseling Agencies

One of the main key differences between nonprofit and for-profit credit counseling organizations is the way the business funds its activities. For-profit counseling agencies charge their consumers for their services, and non-profit agencies don’t charge a fee.

Since nonprofit credit counselors in Iowa offer free advice that you may use even if you decide against availing their services, seeking out a nonprofit agency is a great first step.

 As there are many organizations out there that claim to help you easily get out of debt, including scams, you should look for an Iowa credit counselor with a discerning eye. When finding a credit counseling agency, you should lookout for a couple of things, like:

• Check with the Better Business Bureau to make sure the counseling company is in good standing

• Make sure that the credit counseling company you choose is accredited by the NFCC (National Foundation for Credit Counseling)

• Try to find an Iowa credit counselor you feel comfortable working with

Keep in mind that most initial credit counseling sessions are free.

Information to Research before Talking to an Iowa Credit Counseling Agency

There is certain information you should research before talking to an Iowa credit counseling agency. Note that the National Foundation for Credit Counseling lists accredited credit counseling services across the US. You should go through this list before choosing an Iowa credit counselor. Also, you can check with your state's attorney general’s office to determine whether consumers have filed any complaints about a credit counseling organization. 

There are some valuable resources that you can use if you want to learn more about Iowa credit counseling. 

• Check the NFCC website

• Call the NFCC at 1-800-388-2227.

• Check with the Better Business Bureau (BBB) to look up any Iowa credit counseling agency you are considering to determine if they are reputable and well-known for their services and customer care. 

Questions to ask the Iowa Credit Counselor before Signing Up

Before you choose an Iowa credit counselor to get debt relief, approach the situation with a comprehensive list of questions, and ask them right away. You should ask how much the agency you are considering charges for their services. If you are talking to an accredited and nonprofit credit counseling agency in Iowa, services like receiving financial advice and budgeting should always be free. If an Iowa credit counselor asks you to pay anything for these services, you are better off without them.

Before you connect with an Iowa credit counselor, you should know exactly what you are getting into. Will you talk to them on the phone? Will you talk with them online using Skype, Whatsapp, or Google Hangouts? Or will you be meeting in-person to go over your financial situation? Some other questions you should ask are:

• How much will this cost?

• What will happen if the amount is more than I can afford?

• How are your services funded?

What to Expect During Credit Counseling?

Iowa credit counselors provide advice on budgeting, financial education, advice on student loans, bankruptcy, housing, and debt management plans. Your initial credit counseling session can last one hour with a few follow-up sessions, if necessary. The Iowa credit counselor will discuss your financial situation with you and help develop a personalized plan to tackle your debt and get your finances in shape.

You will have to provide your basic contact information, demographic information, and information about your assets and income. You will also provide a detailed list of all your expenses. You will receive an in-depth analysis of your expenses and valuable recommendations for reducing them. You must have a complete list of all your current expenses (such as monthly rent/mortgage, utility bills, cell phone expenses, school loans, and food, etc.). 

What Happens after Credit Counseling in Iowa?

Once your Iowa credit counselor has an in-depth understanding of your finances, they will be in a position to create steps to save money, reduce debt, and improve your financial situation. As some services that can help some people may not work for others, a certified credit counselor takes several approaches for reducing your debt.