As the recession drags on and a record number of Americans fall deeper in debt, the demand for consumer credit counseling and debt management services has increased. As a result, advertisements offering these debt help services seem to be every where these days. But with all the debt help options out there clamouring for the debtor's attention, one can easily get confused. How does credit counseling differ from other debt management services? Moreover, what kind of consumer and which kinds of situations are credit counseling services best suited for?

How Does Consumer Credit Counseling Work?

Consumer credit counseling services basically help debtors organize their finances with the goal being to pay off the full amount of money owed to creditors. Consumers who opt for a credit counseling program will generally begin the process by discussing the details of their financial situation with a credit counselor. In return, consumers receive a long-term financial plan for paying off all outstanding debt. Each month the credit counseling service receives the consumer's money and then gives it out to the various creditors. To make the process easier on the debtor, many counseling services will also try to negotiate lower interest rates with credit card companies and other lenders.

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