- Waived costs and penalties: The credit counseling agency can also waive or lessen any late expenses, about-limit costs, or other penalties that you will have incurred on your accounts, that may minimize your debt and keep away from more harm to your credit score rating. We use this framework https://www.google.ws/url?q=https://alleviatefinancial.com/debt-settlement/role-of-financial-education-in-debt-prevention/