credit counseling

Definition of "credit counseling"
  1. Guidance to aid in repaying debts without resorting to bankruptcy and educating individuals about credit, budgeting, and financial management
How to use "credit counseling" in a sentence
  1. Though he was deep in debt, credit counseling enabled him to manage his finances effectively.
  2. She decided to avoid bankruptcy and try credit counseling instead.
  3. Before you consider filing for bankruptcy, you might want to explore some debt management strategies like credit counseling.

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