When to Sign up for Credit Counseling?

When is the right time to sign up for credit counseling? Here are excellent indicators that will help you determine when you should contact and set up an appointment with a certified finance expert.

You feel overwhelmed by your credit card debt.

Call Now: 866-929-4035If you’re experiencing serious symptoms of stress due to your credit card debt then, we advise you to seek professional help from a credit counselor, right away. In so doing, you can prevent your financial problems from taking a toll on your physical and mental well-being. At the same time, a session with a certified finance expert can help you find an effective strategy for paying down your financial obligations and for gradually regaining your creditworthiness.

Just remember to deal ONLY with credible firms. Keep in mind that not all agencies are accredited by the federal, state, or local government to offer credit repair services to consumers, like you. Hence, it is very important that you run background checks on the credit counseling companies you wish to work with. In so doing, you can have a greater assurance of receiving effective tips and pointers that can help you move out of your debt hole.

You’re about to file for bankruptcy.

Some consumers today still consider filing for bankruptcy as the easiest way out of their credit problems. In fact, many individuals today are opting for this credit-busting program so that they can start over, as soon as possible.

However, be forewarned that the recent changes in the bankruptcy laws might get in your way. After all, it is now very difficult to qualify for this option, all because of the major amendments made in the federal laws, which aim to discourage consumers from undergoing bankruptcy proceedings.

So, instead of immediately visiting a bankruptcy lawyer, we suggest you drop by a credit counseling agency and consult a certified finance expert on the steps you can take to gradually pay off your outstanding debt. For sure, such individual can help you find the most suitable course of action you should take to gradually settle your financial obligations, if not to pay them off in one full-swoop.

For example, you might be advised to take out a debt consolidation loan, transfer your credit card balance to zero- or low-interest credit cards, negotiate with your lender for lower rates of interest or for more flexible payment terms, etc. By sticking to the strategies that will be recommended to you, for sure, you can attain relief from your financial obligations, without inflicting severe and long-term damage to your credit history.

You need help to responsibly manage your personal finances.

This is especially true for young professionals out there who wish to attain financial stability, as early as possible. After all, a certified finance expert can provide them with the best tools and advice they can use to achieve their financial goals.

In fact, such professionals can open the eyes of young consumers, like you, to effective software and self-help kits that can help you handle your financial resources, in the best way possible, even while paying down your student loans.

We sincerely hope that this article helped you identify the instances when it would be best to seek professional assistance from credit counseling firms and financial consultants, nearby.

debt consolidation companies - credit counseling

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

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NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

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