Which organization is described as a counseling service to help with debt repayment?

Which organization is described as a counseling service to help with debt repayment?

• A. Budget Counseling Services
• B. Consumer Credit Counseling Service
• C. Personal Finance Consulting
• D. Debt Management Programs

Answer: (B)

Debt repayment counseling is typically provided by consumer credit counseling agencies. A Consumer Credit Counseling Service is a nonprofit organization that offers confidential budgeting help, financial education, and often helps set up a debt management plan with creditors to streamline payments and potentially reduce interest. This makes it the best fit for describing an organization that provides counseling to help you repay debt. The other options describe either generic services or specific programs rather than the counseling organization itself: budgeting services or personal finance consulting are broad terms, and debt management programs are the repayment plans rather than the counseling entity that helps you set them up.

Debt repayment counseling is typically provided by consumer credit counseling agencies. A Consumer Credit Counseling Service is a nonprofit organization that offers confidential budgeting help, financial education, and often helps set up a debt management plan with creditors to streamline payments and potentially reduce interest. This makes it the best fit for describing an organization that provides counseling to help you repay debt. The other options describe either generic services or specific programs rather than the counseling organization itself: budgeting services or personal finance consulting are broad terms, and debt management programs are the repayment plans rather than the counseling entity that helps you set them up.