Sometimes the problem is bigger than you can
handle on your own. There are non-profit counseling
services available in you neighborhood that will
help you straighten everything out. Credit Unions,
social service offices, schools, churches and
a variety of other places have counselors who
might be able to help you. But, you have to be
willing to make lifestyle changes or you are just
putting a Band-Aid on a very big wound, your bleeding
pocket book needs major surgery.
Credit Counseling Services
Sometimes it does not seem possible to manage
the problem of being overextended financially.
If you are unable to solve your financial problems
alone, counseling services can help you set up
a budget and a debt payment plan. Nonprofit financial
counseling agencies charge little, if anything,
for their services. Military bases and industries
often hire people that can help you manage your
debts. Housing authorities, credit unions and
universities sometimes provide financial counseling
- What is your net worth?
- What is your current income?
- What are your expenses?
- Exactly how much do you owe?
- What is your credit rating?
- What interest rates are you paying on mortgage
and loan balances?
- What interest rates are you paying on credit
- When are your payments due?
- Are your expenses higher than your income?
- How much money do you need?
- By when do you need it?
Answering these questions may be the last thing
you want to do, however most people experience
a sense of relief when they finish. You might
even find things are not as bad as you imagined.