Question

How do consumer credit counseling services help individuals with excessive debt?

They assist in selling all assets in exchange for debt eliminations.
They lend money for a short period in exchange for loan amount and fees.
They negotiate with creditors to reduce interest rates and fees.
They prosecute people and companies that violate credit laws.

Answer 1

Answer:

They negotiate with creditors to reduce interest rates and fees

Explanation:

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Answer 2

Consumer credit counseling services help individuals with excessive debt by negotiating with creditors to reduce interest rates and fees.

What is Consumer Credit Counseling Services (CCCS)?

The CCC is an organization that does not engage in the business of making profit. They essentially assist the public about ways of helping them solve their financial problems.

Hence, consumer credit counseling services help individuals with excessive debt by negotiating with creditors to reduce interest rates and fees.

Learn more about Consumer Credit Counseling Services (CCCS) here: https://brainly.com/question/14490481

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