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CREDIT COUNSELING SERVICES

Sometimes the road to financial independence or financial freedom is fraught with obstacles beyond our control. Even some the most organized people will get caught with too much happening at once. When the dust settles in financial mishap, it is helpful to know life still offers options.

I know of a woman who held 4 jobs. Her income as a nurse was substantial; all she did was work and pay bills. Then her father died. Prior to her father's death, her brother had illegally emptied the estate of which she was the legal executrix.

While she thought that she could work things out with her brother, other events took place. Prior to the discovery of her brother's interference and based on her knowledge of the expected distribution of her father's estate; she bought a house. Naturally she was expecting that settlement of the estate would be smooth. Immediately after the house purchase the woman took sick (with some unexplainable illness-maybe even grief). She was wrongfully dismissed from one of her jobs and blacklisted by her employers while she waited her case to reach a hearing.

Until all of those events took place over a very short span of time, that woman had excellent credit. But the point is made. Bad things happen even to good people.

Do Credit Counseling Services Work?
Very effectively
The only mandate these people have is analyze and resolve a financial impasse

Who Would Use Credit Counseling Services?
Anyone looking to streamline unmanageable debt
Anyone being pursued or harassed by creditors or collections agencies
Anyone who has a sincere desire to make good on their outstanding debts
Anyone looking for help to negotiate with creditors

Why Would Creditors Agree To Credit Counseling Interference?
The process simplifies collection of payment
The process ensures that all participating creditors get something
The process ensures the regularity of payment
The process documents the cooperation of both debtor and creditor
Creditors are required to make every effort to minimize potential losses
Creditors who appear uncooperative risk unfavourable rulings by judges if the matter goes to claims court

For anyone who has ever wondered if bankruptcy is a way out of the predicament of financial distress, a visit to a Credit Counseling Service should be the first stop. I speak from firsthand experience.

Ever watched a drowning person panic? In the moment of panic, all rational thoughts are impossible. To be objective then requires someone whose opinion

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