Readers who have found themselves in over their heads in debt should know two things. The first is that they are in good company, as many Americans struggle with debt and money management. The second is that there are resources at their disposal that can help.
Don’t just immediately turn to filing for bankruptcy as a solution. Credit Counseling in Melbourne FL is a much less drastic solution. Read on to find out about a few warning signs that it may be time to look into finding a credit counselor below.
Too Many Late Payments
It’s not uncommon for borrowers to wind up making the occasional late payment on their credit cards or loans, but this should not be a recurrent problem. Late payments often lead to hefty fines and even when they don’t, they negatively impact debtors’ credit scores. If paying bills late becomes a habit rather than an exception, it’s likely time to seek some professional advice.
Living Paycheck to Paycheck
It’s not uncommon for consumers to take out personal loans in order to deal with even seemingly minor financial emergencies when they don’t have any money in savings. Readers who are living paycheck to paycheck and have found themselves spending more money than they make are in a more precarious position than they might realize, though. Credit Counseling in Melbourne FL can help them come up with a plan for paying back loans and credit card debt even if they don’t have a lot of extra cash.
Dealing with Debt Collectors
Although the Fair Debt Collection Practices Act was created with the intention of protecting borrowers from unscrupulous debt collection practices, dealing with debt collectors can still be a huge hassle. Many debtors are afraid to pick up the phone or even check their mail, assuming that anyone trying to contact them will be doing so to ask about unpaid bills. A credit counselor can help his or her clients come up with a repayment plan that will satisfy debt collectors and get them to stop calling.
Get Started Today
It may seem like an impossible task to get those finances back on track, but seeking professional help and advice can make it much easier. Click here to get started finding a credit counselor who can help now.
