Practical Debt HelpDebt Help information that takes you from theory to action |
Debt Counseling from a reputable organization or individual can be extremely valuable.
While self-help is still the logical place to start in terms of getting out of debt, reality is that there are some very specific skills and know-how that can make a great different to the debt help efforts, and a Counselor knows these thorughly - while the average debtor does not.
In addition, people in debt can be very highly stressed by the experience - anxious, frightened, even desperate. In these circumstances, finding a solid Counselor can be like gold.
Debt Counseling inevitably overlaps with other areas, because the counseling can lead to almost any other aspect of debt help. But the articles in this section all have Counseling as their central theme.
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Let me start with a caution: if you are somehow managing to keep your credit record clean despite a worsening debt situation, then going to a Credit Counselor (same thing as a Debt Counselor) can have a serious downside. Some creditors will welcome the involvement of a Credit Counselor because it signifies that you […]
For people who are simply not disciplined enough to create a meaningful budget and live within it; or unable to work out a repayment plan that’s acceptable to their creditors; or simply not able to keep track of their spending and mounting bills - debt counseling from a skilled counselor is simply invaluable.
Now, there […]