Credit counseling organizations work with your creditors to reduce the interest payments on your debt, sometimes eliminating interest entirely. These programs allow debtors to use the period of interest reduction to pay down their debt. Repayment of the principal balance of the debt through credit counseling generally requires full dollar on a dollar payment without reduction or discount. Often these firms maintain non-profit status, but they are not government sanctioned or public service companies. To see if credit counseling might be the right solution to fix your debt you may wish to answer the pre-qualification questionnaire, read an article on credit counseling written in the FAQ format or follow links to several consumer credit counseling agencies.