It is a financial counseling service that analyzes the credit history of an individual or company, assessing their ability to pay, and offering recommendations to improve or maintain a good credit profile.
Main areas of counseling:
- Credit history and credit score evaluation.
- Identification of debts, late payments, or financial risks.
- Recommendations to improve credit ratings.
- Guidance on eligibility for new credit or loans.
Importance:
- Helps you make more informed financial decisions.
- Improves your chances of obtaining future credit on better terms.
- Prevents problems of over-indebtedness or financial default.