Credit counseling seeks to reduce the interest rates you pay, meaning you pay 100% of your original balance plus a reduced interest rate. The purpose of the plan is to get you to pay the debt in full by obtaining a lower interest rate. The major problems with credit counseling are that the monthly payments are often too high, and that it may still take five or six years to pay the debt off. You should also know that these firms were established by the creditors! What it comes down to is that Pacific Debt will work for you, while the consumer credit counseling firms work primarily for the creditors!