Have you fallen behind on your finances and can’t seem to get back on your feet? Are you having trouble making ends meet and feel like you’re out of options? It could be time for you to consider credit counseling. The Talking Cents blog is here to outline what credit counseling is and help you decide if it’s time to consider credit counseling.
What is Credit Counseling?
Credit counseling is a financial service designed to help consumers get out of debt and regain control of their finances. Another goal of credit counseling is to help educate and enable consumers to avoid debt in the future. During your counseling session, your certified credit counselor will help you evaluate your finances, including interest, assets and expenses. You will also learn the recommended spending guidelines, identify any areas where you are overspending, and where you can cut back. Once you’ve completed your credit counseling session, you will be equipped with the information to take control of your finances.
Your credit counseling session is also a great time to ask any questions and share any concerns regarding your finances. After evaluating your finances, your counselor will offer debt solutions and advice to achieve your financial goals.
Should I Consider Credit Counseling?
If you are unable to manage your debt or are struggling to create a reasonable budget, you might consider credit counseling. Nonprofit credit counseling agencies, like American Consumer Credit Counseling (ACCC), will help you find a solution to your problems. Above all else, help you realize that you are not alone. Credit counseling can help you decide the best course of action to get out of debt, whether it’s a revised budget, a debt management plan, or bankruptcy.
Whether you’re struggling with credit card debt, student loans, or need help creating a budget, credit counseling can really help. Sometimes, taking the first step is the hardest. But, if you’re struggling, there’s nothing more important than getting the help you deserve, and thus, achieving peace of mind.
To learn more about credit counseling, call ACCC today at 800-769-3571 to speak with a certified credit counselor.