How to Get Free Credit Counseling in Nebraska

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Written by the Upsolve Team.  
Updated November 30, 2019

Summary

Follow the five steps outlined below to find a credit counseling agency that you’re comfortable with, and you’ll be on your way to debt relief in no time.

Everyone faces challenges and setbacks on the road to achieving their financial goals. If credit card debt or student loans are keeping you up at night, credit counseling in Nebraska can help you stay current on all your monthly obligations. If your financial situation is deteriorating, you may be considering Nebraska credit counseling. Credit counseling in Nebraska is one of the most effective ways to learn how to manage your various debts, such as medical bills. Credit counseling in Nebraska is typically free and is provided by reputable non-profit organizations.

Your Nebraska credit counselor will request to review your budget and credit report, which includes your income, loan payments, bills, and entertainment expenditures, etc. This will help them understand where your money comes from and where it goes. People who use credit counseling in Nebraska talk to an experienced and accredited credit counselor in a confidential counseling session that lasts 45 to 60 minutes. A Nebraska credit counselor will go over your overall finances in order to help identify the root cause of your credit and debt issues. Also, they will make plans to effectively address these issues. Nebraska credit counselors offer expert advice along with a realistic budget based on your financial situation. 

In case it seems like your monthly payments are too high, Nebraska credit counselor might be able to enroll you in a DMP (debt management plan) or suggest a debt consolidation service. Note that both of these options can allow you to combine all your debts into a single lower monthly payment. You can complete your Nebraska credit counseling session over the phone, in person, or online. The best Nebraska credit counselors usually work at nonprofit organizations that provide consumer credit counseling services. In addition, they may provide tips about how you can manage your credit in the future.

If you are feeling overwhelmed by debt and have too much on your plate, Nebraska credit counselors can offer an outside perspective. These counselors can also tell you what choices you should make with your money. Typically, people in Nebraska have an initial consultation with a consumer credit counseling agency to review their financial situation and then determine a feasible course of action. And some next steps may include additional credit counseling sessions, providing people with further financial education and resources.

How to Get Free Credit Counseling In Nebraska

Follow the five steps outlined below to find a credit counseling agency that you’re comfortable with, and you’ll be on your way to debt relief in no time.


Find Nebraska Nonprofit Credit Counseling Agencies

There are for-profit as well as nonprofit credit counseling companies in Nebraska. For-profit organizations charge a fee for their counseling services. On the other hand, non-profit agencies may charge fees for some of their services, but never for an initial credit counseling session. A nonprofit agency’s main source of revenue might come from grants. The best place to get help dealing with overwhelming debt is a Nebraska nonprofit credit counseling agency. Many universities, credit unions, military bases, and housing authorities operate nonprofit credit counseling programs. These agencies belong to either the National Foundation for Credit Counseling (NFCC) or the Financial Counseling Association of America (FCAA).

Information to Research Before Talking to a Nebraska Credit Counseling Agency

Note that non-profit consumer credit counseling status in Nebraska doesn’t guarantee that the counseling services are free, affordable, or even legitimate. This is why doing your research is important before you get in touch with a Nebraska credit counseling agency. Some consumer credit counseling organizations in Nebraska charge high fees, which they can hide. The U.S. Department of Justice also has its search tool that helps Nebraska consumers find a reliable credit counseling agency that’s also approved to offer pre-bankruptcy credit counseling.

You can also contact the FCAA and NFCC for recommendations for Nebraska credit counselors. Both of these organizations have a locator tool (free) on their websites that will help you find a certified credit counselor in Nebraska.

Additionally, you can: 

  • Call the NFCC at 1-800-388-2227

  • Check with the Better Business Bureau (BBB) to look up any Nebraska credit counseling agency you are considering 

Questions to Ask the Nebraska Credit Counselor Before Signing Up

In the consumer credit repair world, financial scams unfortunately run rampant. Here are a couple of questions you should ask to steer clear of shady agencies:

How do you get paid? You should avoid working with a Nebraska counselor or counseling agency that gets paid by directing consumers to a particular product or service.

Do you offer educational resources and materials without entering your program? You should avoid organizations in Nebraska that charge for the information.  Any reputable and reliable credit counseling agency in Nebraska should send you free informational materials about itself as well as the services it offers.

You should also:

  • Watch out for profit-based counseling companies that pose as non-profits

  • Avoid credit counseling agencies that charge you higher than average fees 

  • Be cautious of credit counseling companies in the state that guarantee fast results  

What to Expect During Credit Counseling?

Credit counseling in Nebraska requires speaking with a consumer credit counselor in order to discuss your financial situation. This will help you find potential methods and tools to solve your credit problems. Most Nebraska credit counselors would like to help you determine the most reasonable way to resolve your financial problems. Nebraska credit counselors will discuss your budget and financial situation with you in detail. To advise you on your financial situation, you will have to provide your Nebraska credit counselor with pertinent information about your income, the debt you owe, expenses, and any assets you might own that may be used to repay the debt.

To make the most of your credit counseling session in Nebraska, have the following information handy: 

  • Basic contact information

  • Information about all your property and income

  • You will also provide a detailed list of all your expenses, such as rent, groceries and utility expense

What Happens After Credit Counseling in Nebraska?

Once your Nebraska credit counselor thoroughly analyzes your financial situation, they can suggest a number of solutions, such as budgeting, debt consolidation, debt management plans, debt settlement, and bankruptcy. Depending on your financial problems and needs, your Nebraska credit counselor has many options to help you get out of debt.

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Nebraska Debt Consolidation

Although debt consolidation makes financial sense for many Nebraska residents, it is not the best debt-reduction strategy for everyone.

Debt consolidation in Nebraska makes sense if:

  • You can avoid, through financial prudence, ending up back in debt

  • You have good-to-excellent credit, allowing you to qualify for a loan with good terms

  • You are in significant debt, such as high medical bills, and it is growing

  • You are paying high-interest on your credit cards

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Nebraska Debt Management Plan

A debt management plan in Nebraska is helpful for consumers struggling to manage their monthly expenses, usually with high student loans and other debts. You may consider a DMP if:

  • You’ve a steady income and can repay your debt within 5 years if you received a lower interest rate

  • Your unsecured debts, like credit card debt, are between 15% and 40% of your annual income.

  • While on the debt management plan, you can get by without opening any new lines of credit.

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Nebraska Bankruptcy

You can also file for bankruptcy relief to relieve your financial problems. When your debts and bills are so high that can’t pay the minimum payment, filing bankruptcy in Nebraska may be the best and potentially only option for meaningful debt relief.

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About the author

The Upsolve Team
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