Debt Solutions made easy... through Credit Counseling

2007-03-08 10:33:40

( Financial )



Deep in debt? Or afraid of finding yourself in that situation? In need of feasible debt solutions? Consider seeking professional help, (not a psychoanalyst, although that might help in curbing impractical spending habits) but a credit counselor. Who needs a credit counselor? Believe it or not, you don't have to wait until you are already deep in debt before you consult one.
Why Credit Counseling? Some people think it is synonymous with offering debt management solutions or teaching you how to consolidate debt. It actually offers much more. And it is the ideal solution to your debt problems because it offers an education. Counselors will teach you how to make informed financial decisions in the future. When you purchase a book on debt solutions, you will be reading generic adivice, meant to apply to every one who reads the book. Credit counselors will draft the best debt solutions for your personal situation.
But you have to protect yourself. Before consulting a counselor, check if the fees are reasonable. Some offer their services for free. Because in finding debt solutions, incurring more bills is the last thing you should do.
Be aware. Awareness is one way you can protect yourself and your finances. Update yourself recent cases of debt management scams. If you find that a credit counseling service requires you to submit your debt payments to them while they make the necessary payments to your creditors, then think. You might be better off solving your debt problems on your own. Keep in mind that any fees paid to them means money that could have gone towards paying off your debt. Keeping yourself informed is as easy as checking articles on the internet so there is no excuse for neglecting to do so every once in a while.
But the most important thing is to be patient and realistic. There are no miracle debt solutions. Depending on the size of your debt, it might take you years to pay off. But one thing is for certain. You should take the first step and start now. That is always the biggest step towards living a debt-free life.


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