The following article is a guest post. If interested in submitting a guest post, please read my guest posting policy and then contact me.
Serious financial problems can be draining, worrisome and embarrassing. It isn’t the sort of thing that you want everyone to know and talk about. A professional Counsellor can listen and offer real advice that will actually be helpful. You should definitely seek out help when you are overwhelmed with debt and experiencing financial problems. You can discuss financial options and see what course of action to take for your specific situation and needs. Financial counselors are generally free and are experienced with handling financial problems. Allowing them to provide effective debt management techniques along with pointing you in the right direction for obtaining certain non-profit and government based financial products.
Listening
Being heavily in debt can lead to a lot of worry and stress. There may be the possibilities of car repossessions, evictions or legal actions beginning by creditors against you. None of this is pleasant and having someone to talk to is important. Counselors are nonjudgmental and are there to help you. Often times, they too had financial issues and through the process of getting help, decided to become a financial counselor themselves.
Help Create a Realistic Budget
Bringing down debt will require designing a budget that is workable and sensible enough that you can stick with it. A financial counsellor is trained in helping to create budgets that include some type of pay down plan to start reducing your debt as soon as possible. You don’t want to have to keep making choices of eating or paying bills. They provide assistance on how you can do both. In certain instances they can assist you in finding specialised consolidation loans for those on low incomes or welfare.
Help Develop a Game Plan for Getting Out of Debt
Winning a war means having a good battle plan. A financial counsellor will help you devise a plan of action to get out and stay out of debt. Living within a budget is only part of solution if you are in heavy debt. It may require filing bankruptcy or any number of other measures to protect yourself from creditors. You don’t want to wait until you have liens and lawsuits to deal with creditors -It won’t go away by ignoring it.
Advocate for You with Creditors if Needed
When you need someone on your side to help calm situations with creditors, then a financial counsellor is the person you need. They can advocate for you and try to work out payment arrangements that you can really afford. They can help stop legal actions in their tracks. If the creditor agrees to a new payment amount, then you’ll have a witness that can help you get the new agreement in writing.
Get Information About Credit and Debt
A counsellor will make sure that you get useful information about credit, debt and methods to eliminate it. They can provide quality information about healthy credit, maintaining a good credit score and the importance of budgeting and fiscal responsibility.
Free Services
Track All Your Accounts With Personal Capital
Personal Capital lets you see all of your accounts in one convenient place. Sign up now for free.All services by the financial counsellor should be free. If you run across one that tries to charge, you should go the other direction. They aren’t able to offer money to solve debt problems, but they can offer advice and give information free of charge. Services are generally non-profit or subsidised by the government.
Leave a Reply