Debt counseling is a relief if you find you can't even afford necessary visits to grocery stores and gas stations. After all, you have to eat and get places. Debt counseling gives you the tools to have enough money to handle routine business such as grocery stores, gas stations, dry cleaners and pet stores.
What is Debt Counseling?
Debt counseling is an alternative to being broke all the time or claiming bankruptcy. Besides, current bankruptcy laws are a lot tougher. When your bills exceed your income and you feel like you're drowning, debt counseling is a way to get your head above water. Businesses and individuals both benefit from professional debt counseling to get out of the red. Debt counselors offers tools, resources and advice to put you in the black.
How Does Debt Counseling Work?
Debt counselors offer assistance through meetings, email, telephone conversations and instructional videos. To benefit from debt counseling, you need to face your outstanding bills. Gather all your obligations with proof of all your current income. If you have unusual circumstances such as a job loss, illness or family death, discuss them with your debt counselor. Provide as much info as possible so the debt counselor can give you the best personalized advice.
We recently met with a debt counselor and were amazed at the solutions she presented we didn't not know about. They have access to the latest financial laws and resources to make your situations work for you.
What Will Debt Counseling Do For You?
Often debt counselors negotiate outstanding credit balances for far less than you owe. They can even have interest and penalties waived. Debt counselors do this work everyday so they know who to talk to and what to say. Their expertise can save you thousands of dollars...for businesses, this can add up to hundreds of thousands of dollars. Your income versus your obligations will be reviewed and potential solutions presented to you.
Most debt counselors charge a nominal fee. Some state and federal agencies offer debt counseling free of charge. Beware of overpriced debt counselors and remember there are bad apples in every bunch. Do your research and remember...you're trying to SAVE money!
Debt Counseling for Peace of Mind
Nobody wants to go out of business or suffer personal deprivation because you're broke. Debt counseling helps you feel confident to address your needs again by taking control of your financial situations.
Unfortunately, the bills won't just disappear. When you become actively involved in improving your finances, you'll feel comfortable again at grocery stores and gas stations. Effective debt counselors help you face financial reality, save what you've earned and make the most of what you have.
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