Credit counseling is a service designed to help individuals manage their debt and improve their financial situation. Counselors provide guidance on budgeting, debt repayment strategies, and financial education. They can also assist in creating a personalized plan to help clients achieve their financial goals. Many credit counseling agencies offer free or low-cost services, often working with clients to negotiate lower interest rates or payment plans with creditors. These agencies are typically non-profit organizations, ensuring that their primary focus is on helping clients rather than making a profit.