Credit Counseling

Written by Liza Hartung
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When it comes to getting out of debt, many of us could use a little credit counseling. Obviously, we weren't the most responsible people when we took that oh-so-easy nosedive into debt. What makes us think we are going to be that responsible during the long climb back out? The climb out of debt takes a game plan. This must include initial steps, long-term goals and techniques to bypass the hard parts.

You will have to give up certain spending habits. Most of you have an idea as to which habits those are, but you have a pang in your stomach at the thought of giving them up. These are generally our little tendencies to buy things that we don't really need, but we definitely want. These can be anything from a little nail polish or CD here and there to entertainment centers and cars. You need to take an honest look at what you are spending your money on. Then, you have to decide what is necessary and what isn't.

If you are having problems adjusting your spending habits, or figuring out how to adjust them, you might want to get credit counseling. Generally, you will pay a small fee to have a financial expert work with you. If you feel the fee is way too high, or that the service is promising unrealistic results, walk the other way. You could potentially be ripped off. Be smart about where you go. Do a little research first.

Credit Counseling for Big and Small Problems

It may be that you don't have tens of thousands of dollars of debt. However, you may always find that you are scraping for $50 or $100 at the end of each month to pay that last bill. If this sounds like you, credit counseling could make a positive difference in your financial life. Some people will have to alter their spending greatly; others not so much. Your financial counselor will help you find the best path to take.

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