If you’re concerned about having to file for bankruptcy in the future, you might be interested in knowing about credit counseling. Many people believe that credit counseling is only for those who are going through the bankruptcy process and are ordered by the court to seek out credit counseling services. However, you don’t have to wait on a court mandate to seek credit counseling help!
If you feel like you’re on shaky financial ground – but you’re not quite at the point of having to file for bankruptcy – credit counseling might be the best thing you could do for yourself. A good credit counselor will help you work through the details of your financial situation so that you might be able to avoid bankruptcy all together.
However, we don’t want to put bankruptcy in a bad light! If you are “past the point of no return,” bankruptcy can be a great solution to your financial stress. But, for those who are not quite to that point, credit counseling can be a good preventative measure.
In credit counseling, you can snowball your debt into a manageable plan; you can be held accountable by a financial professional; and you can ask questions about your particular financial situation!
In short, credit counseling is a great way to bring your financial life under control. And oftentimes, it’s quite affordable! Whether you are going through bankruptcy, or just concerned that it might be in your future, credit counseling is a great way to learn some good money management techniques!