Are You In Over Your Head?

Do burdensome financial troubles make you wonder if you are days away from eviction? Do you dread opening your mailbox, knowing it will be full of past due notices? Do you have nightmares about being unable to satisfy creditors? Do you live from paycheck to paycheck? Consumer credit advising may best be the best way of addressing these serious worries. Consumer credit advising is for people whose finances have deteriorated beyond their ability to manage them. When you are ready to admit you could use some help getting things under control, consumer credit advising is available.

Consumer credit advising begins with an appointment in which you and your advisor will look at your financial records, taking stock of your wages, your expenses and your debts. Together you will decide where you can trim expenses and draw up a monthly budget plan. If your ability to manage your debts alone is in question, consumer credit advising may lead to enrollment in a debt management program or DMP.

Consumer credit advising and DMPs are designed to help you get out of debt. With a DMP, you and your advisor decide on a monthly amount to be turned over to your advising service. Your advisor then acts as a go-between for you and your creditors. The goal is to get late payment fees reduced or forgiven, the length of your loans extended and your interest rates reduced. The consumer credit advising service pays your creditors through your monthly payments.

Consumer credit advising can help you take control of your finances. Getting out of debt will not happen overnight. Consumer credit advising can teach you how to manage your budget, and help you establish a repayment plan you can live with while fulfilling your obligations to your creditors. If you’ve hit a financial brick wall, consumer credit advising is an option to consider.