Is Debt a Cause of Massive Stress in Your Life? Debt can cause hardship and pain in a person's life - it is almost like a disease in the way it spreads in relation to how it affects other family members.
There is a service that can offer you help to get out of financial trouble but you have to be motivated into helping yourself also.
Consumer credit counseling services offer you a variety of options to help reduce or settle your debts.
For some people one option may be better than another, but the most common avoidance is bankruptcy which is not an option for most people.
What a Good Consumer Credit Counseling Service? o They will be registered with the Better Business Bureau and other recognized financial authorities and regulators.
o They will offer you support and advice for free in a confidential pre-service consultation.
o They may contact all your creditors and try to compromise with them to broker a deal or write of your debt all together.
o They will work within the law.
o They will not charge you high fees for services they offer.
o They will go through every option open to you before bankruptcy.
o They can work out an effective Debt Management Plan (DMP) which hopefully should help you not to fall into the trap of debt again.
o They can provide legal information but not legal advice unless they have a lawyer working within the staff at the company.
o They will be honest with you so if you listen to the advice they give, and accept the help offered then you will become debt free over a period of time.
Debt counseling does sound strong and a bit harsh to someone who has just found themselves in debt and does not know their rights and what options are open to them.
Remember these companies are here to help you out of your financial difficulties, so they are not a bad service to work with.
You can browse through plenty of related free advice right here - so there is no time like the present to start looking at what credit counseling can do for you.