Can credit counseling services negotiate with my creditors to lower interest rates?

Yes, credit counseling services can negotiate with your creditors to lower interest rates. Through the use of their expertise and established relationships with creditors, credit counseling services can advocate on your behalf to negotiate reduced interest rates and possibly even stop late fees. By engaging in a negotiation process with creditors, credit counseling services aim to help you manage your debts more effectively and affordably. However, it's important to note that the success of negotiations and the extent of interest rate reduction may vary depending on your specific circumstances and the willingness of your creditors to cooperate. Nevertheless, credit counseling services work diligently to achieve the best possible outcome for their clients to alleviate financial burdens.