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Consumer Personal Loans
Credit Card Debt
Advantages of Making Credit Card Debt Payments on Time and Other Tips
Avoiding Credit Card Traps
Credit Card Counseling – Learn Credit Management Tips
Credit Card Debt and Simple Ways to Consolidate Them
Credit Card Debt Consolidation Nationwide Epidemic
Credit Card Debt Consolidation Solutions
Credit Card Debt Help for Senior Citizens
Credit Card Debt Reduction
Credit Card Debt Solutions That Can Help
How to Pay Your Way Out of Credit Card Debt
Paying Off Your Holiday Credit Card Debt
Prevent Identity Theft With a Credit Freeze
Saving Money on Your Credit Card Bills
Terminate Credit Card Debt Without Consolidation
Tips on Credit Cards, Part 1
Credit Collection Laws
Credit Repair Organizations Act
Fair And Accurate Credit Transaction Act
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Fair Debt Collection Practices – Know Your Law
Statute of Limitations
The Fair Credit Reporting Act
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Credit Counseling
Can Consumer Credit Counseling Help Avoid Foreclosure
Credit Card Counseling
Credit Counseling a Must for Bankruptcy
Credit Counseling Benefits
Credit Counseling Can Reduce Your Debt
Difference Between Credit Counseling and Debt Settlement
Free Credit Counseling to Help Manage Your Debt
Using Credit and Debt Counseling to Manage Your Finances
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What is Credit Counseling
What to Ask a Credit Counselor?
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Become Debt Free With Financial Advice
Benefits of Debt Consolidation
Bill Consolidation Loans
Bill Consolidation Advice to Help With Debt
Credit Consolidation: Is It Worth Taking?
Debt consolidation and Ways to Avoid Scams
Debt Consolidation Explained - What Happens if You Don't Pay?
Debt Consolidation Loans
Debt Consolidation Loans for Payday Loan Debt
Debt Consolidation Non-Profit
Debt Consolidation Now Will Improve Your Credit Score Later
Debt Consolidation Provides Relief from Financial Stress
Debt Consolidation Services Helps to Clear Debts
Debt Consolidation – Find Relief To Your Financial Stress
Debt Management Program
Debt Management Program Will Ease Debt Burden
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Get a Debt Consolidation Loan to Manage Bad Debts
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Government Debt Consolidation Loans for Student Loans
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Credit Counseling Can Reduce Your Debt

Getting credit counseling will provide the best plan for reduction of your debt and get you the training you need to be a responsible consumer.

When is Debt a Problem?

The symptoms of too much debt are easily recognizable and include concern about being able to meet monthly obligations, consistent focus on adding up monthly bills to see if there will be enough to go around, making late payments when no financial catastrophe has been the cause, stress, anxiety and family arguments about individual spending habits. Obviously, when obligations become more than income brings in, there is a serious problem. Instead of burying one’s head in the sand, hoping that creditors will simply allow late or missed payments, the smart debtor locates someone who can provide credit counseling as a means out of the situation.

The Assistance that Credit Counseling Provides

Locating a professional credit counselor or counseling service is the first step in the pursuit of a solution. There are any number of non-profit agencies that provide this service for free, so if money is an issue, it would be good to begin with one of these. Other professionals provide such services for a fee, and there are many that will provide both advice and additional services until you are back on track.
A credit counselor will first look at all of your debt, your monthly obligations for that debt, your other regular monthly expenses as well as your total net income. The purpose of this is to decide if you can reasonably afford the monthly debt but are simply engaging in irresponsible financial management or if you are truly in over your head and cannot meet your obligations. Depending upon your situation, a plan will then be developed.
If you are simply engaging in irresponsible spending, the credit counselor will develop a budget for you, a budget which you must follow if you are to meet your obligations and maintain a solid credit rating.  Within the budget will be a sequential, organized plan to reduce debt as quickly as possible.  In extreme cases, you may be asked to turn your paychecks over to the counselor who will pay your bills and give you an “allowance.” This will occur for a period of time while you become educated in the sound principles of personal finance.
If you are in over your head and cannot meet your debt, a counselor may recommend credit consolidation or negotiation with current creditors for alternative re-payment plans. There are consequences of these options in terms of your credit score, however, in the long-term, you will rebuild your credit as the debt is paid off and the behaviors which resulted in the situation are not repeated. During this time, the counselor will also provide training in personal finance so that your future spending and savings habits become more responsible.

It is common for adults to develop credit problems, and you should not be embarrassed about asking for the assistance you need. A wise person takes steps to correct mistakes; a fool ignores the mistakes and drowns in his sea of debt.

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