Do You Need Credit Counseling?
Deciding to seek professional help from a certified credit counselor.
When things are good and your finances are stable, you can manage debt on your own, but when you rely too much on credit and debt gets out of control, it can be almost impossible to get back on track without extra help.
That’s where credit counseling can make a difference. With the right help, you can regain control quickly and learn techniques to avoid problems in the future.
Featured video: Credit counseling explained in 60 seconds
What is credit counseling?
Credit counseling is professional help for credit card debt. A certified credit counselor helps evaluate your situation so you can make a plan to regain control. They help you find the right debt consolidation option for your unique financial situation.
In addition, if you can’t recover quickly on your own, a credit counselor can also help you enroll in a debt management program. This program offers a way for you to get out of debt and avoid bankruptcy, while learning important money management techniques so you can stay out of trouble in the future.
How credit counseling works
Credit counseling starts with a personal evaluation. This helps the credit counselor get an accurate picture of where you are and what you need to do. Once the evaluation is complete, the credit counselor will recommend options to help you get out of debt.
With credit counseling agencies, there are never any fees for the initial consultation. The credit counselor is also required to tell you about ALL of your options, even if that means you’ll move forward and solve your debt problems on your own. It’s all about helping you find the best solution.
If the solution ends up being a debt management program, the credit counselor can enroll you as soon as you’re ready. The credit counseling agency will then administer your program from start to finish. While you’re enrolled, you’ll also get valuable information that can help you plan for an effective financial future.
Use these resources to understand the credit counseling process:
- What to Expect from Your First Credit Counseling Session
- 5 Tips for Choosing a Reputable Credit Counseling Service Provider
Benefits of credit counseling
Even if you decide to solve your debt problems on your own, you can still benefit from credit counseling. These are just a few of the things you can gain from talking to a certified credit counselor:
- Expert advice on your best options for getting out of debt.
- Free money management tools to help you take control and stay that way.
- Free resources for learning better personal finance techniques so you can avoid problems with debt.
- An option to enroll in a debt management program if you need additional help getting out of your current situation with debt.
Request a free consultation now
If you’re currently struggling with credit card debt, give us a call. You can get a free debt and budget analysis with a certified credit counselor and get important information on where you stand. You can also benefit from a professional opinion on your best option for getting out of debt. Call or take the first step online with a request for a free Debt & Budget Analysis.