With so many demands on your time - work, family, and everything in between - staying organized financially can be tough. Credit and budget counseling offers the support and tools you need to take charge of your money.
If you make an appointment with a certified credit counselor, they can help you create a budget and plan for the future.
Unsure of how to proceed? Here are some reasons when you should consider credit and budget counseling.
Before You File for Bankruptcy
Make sure that you have considered all your options before declaring for bankruptcy, including credit and budget counseling. Bankruptcy can stay on your credit report for up to 10 years, while also making it harder to get approved for loans.
Falling Behind on Credit Card Payments
Paying down credit card debt is not only challenging, it can seem like it takes forever. While slow going is better than no going, if you’re finding it hard to get your balance down, a credit counseling agency can help. A credit counselor can enroll you in a debt management plan, which is designed to help you pay down your debt in three to five years. Your counselor will work with your lenders to consolidate your credit cards and lower your interest rates, making repayment more effective and supported.
Getting Help with a Debt Repayment Plan
If you’re unsure how to get started paying down your debt, guidance from a certified credit counselor can help by providing financial literacy education, budget creation, and goal-planning services.
In the Dark About Your Credit?
Not knowing where your credit stands or how much you owe makes financial management harder. Meeting with a certified credit counselor can help you have a better idea of where you stand and how to tackle debt.
Unlocking Additional Financial Support
Through education and information, credit counselors can direct you to workshops and more comprehensive resources to help you manage your finances.
Bottom Line
You don’t have to wait to get help. If any of the scenarios above sound familiar, connecting with a credit counselor can put you back in charge of your finances.