What is credit counseling and how does it help with debt relief
Credit counseling is a commonly-used program in the United States to help consumers break the cycle of living paycheck-to-paycheck, and ultimately avoiding bankruptcy. Credit counseling services can educate consumers on things like managing money, basic financial knowledge, budgeting, and more. Counselors are there to help people understand payment plans and the processes involved in many debt relief programs.
Credit counselors are also known as financial counselors and are individuals who are certified to help educate consumers on debt. They are able to help provide basic tools to help people who are drowning in debt, whether with past-due payments, maxed-out credit cards, mountains of medical debt, and more. Credit counselors can help you understand the basics of debt consolidation, debt settlement, or even bankruptcy.
Feeling confused about where to turn? That’s where a credit counselor can help you manage your debt relief and make sound decisions.
At DebtQuest, we believe that education is where we start and end. Educated consumers make wiser decisions about their current debt situation, and also learn to make better decisions for future financial health.
Certified credit counselors are here to provide confidential advice for your own unique circumstance. We know there are a ton of questions surrounding debt and that’s why we offer credit counseling to our clients. We want to make sure you understand and feel confident in your plan to get out of debt.
Every situation is completely unique. Your amount of debt, kind of debt, earning potential, savings potential, and goals are all different from everyone else in the world. That means that your debt management approach needs to be personalized to YOU. While bankruptcy might be the perfect choice for one person, you may be better off with debt settlement. Ultimately, the best thing you can do is to talk with a credit counselor to find out what they recommend for your debt. The choice is yours, but they will give confidential advice based on their extensive experience.
Not sure if credit counseling is right for you? If you have more debt than you know what to do and you’re not sure where to turn, talking with a credit counselor can help you make smart decisions about your debt relief.
In other words, the solution all depends on the circumstances of your situation and the resources you have available to eliminate debt.