Final answer:
Credit counselors offer Debt Management Plans (DMPs) and Financial Counseling services to help individuals manage debt, improve financial literacy, and achieve financial stability.
Explanation:
Credit counselors offer two key services:
- Debt Management Plans (DMPs): These plans help individuals consolidate their debts into one manageable monthly payment, typically lowering interest rates and eliminating fees. DMPs assist consumers in paying off debt faster and more efficiently.
- Financial Counseling: Credit counselors provide personalized financial advice, budgeting assistance, and educational resources to help individuals improve their financial literacy and make informed financial decisions.
These services alleviate financial stress, improve credit scores, and empower consumers to take control of their finances for a more stable economic future.
Learn more about Credit counseling services and their benefits here:
https://brainly.com/question/30764935
