Credit Counseling in Debt Ladder

Credit counseling is a process used to help individual debtors overcome their debt through financial education, budgeting, and debt management plans. The Financial Counseling Association of America has played a significant role in promoting credit counseling and providing resources for credit counseling agencies. Dave Ramsey is a well-known personal finance expert who has been a strong advocate for credit counseling and debt management. The National Foundation for Credit Counseling has established strict standards for credit counseling agencies.