Credit Counseling

Written by Amy Hall
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Credit counseling is a great opportunity if you have found yourself in an overwhelming financial situation that you don't know how to get out of on your own. Thousands of people every year seek help to get out of debt and to avoid bankruptcy. It has been said that many people are only one paycheck away from being homeless.

If you live paycheck to paycheck, and you can't seem to make ends meet, you are probably feeling frustrated, scared, and let's face it, pretty down on yourself. It is never a fun feeling to owe many creditors knowing that you don't have the means to pay them back. So you avoid opening bills or answering your phone, and the stress level just continues to get kicked up a notch.

How To Get Out Of Debt And Stay That Way

The wonderful thing about credit counseling is that a professional counselor will work with you to put a plan into action. No longer will you be the passive participant in the debt collection game, rather you will be taking the bull by the horns and turning your financial mess into a win-win situation. A counselor can negotiate with your creditors on your behalf to cut interest rates, lower monthly payments, and to even eliminate late fees.

You can then pay the counseling agency one lump sum every month, which they will dole out to your creditors. You can feel better knowing that your high balances are going down, and that you are digging yourself out of the debt trap without filing bankruptcy. Your credit will begin to slowly improve, and you will be on the right track to securing your financial future.

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