After you have identified where your money is actually going, and how much actual income you have, identify your spending priorities, and cut out all unnecessary purchases.
You should immediately contact your creditors if you are having trouble making payments.
In Massachusetts, credit counselors must be nonprofit organizations. Shop around and avoid credit counselors who charge large up-front fees or large monthly fees.
Two other methods of dealing with debt problems are consolidating debt through a single loan, and filing for bankruptcy.
The Personal Financial Workbook is a tool that you can use to organize your finances and gain an understanding of how you are spending your money.
By using the worksheets, you’ll be able to paint a clear picture of your financial situation and make better decisions for the future.
We’re ready to do a complete analysis of your financial situation and formulate a strategy that best suits your needs.
A plan to manage your debt is any strategy that helps consumers repay debt obligations or otherwise handle debt payments through a plan of action that is mutually beneficial to both debtor and creditors.
Plans may involve working with creditors to restructure debt payments or negotiate better terms, consumer rights to legal protection and fair debt collection, strategies to accelerate debt repayment or elimination, loan products, or consolidating to better manage monthly payments.
You will receive periodic updates from our Free Credit Counseling Blog in Newsletter format.
The blog provides unbiased relevant information from the best credit counselors in the country, including a link to Financial Talkcast Radio, devoted to debt solutions.