HOW TO GET AROUND DEBT

By Meir Velenski

When you are seeking debt advice, you will hear lots of different stories. Everyone will have

their own quick fix for your debt woes. You will hear stories from people about how they had

all their problems erased by filing bankruptcy. They will tell you that they went from owing

lots of debt to having no debt at all.


One thing these people do not tell you, however, is that filing bankruptcy will bring

unexpected consequences to your life. For example, you may not be able to keep your

home. If you own a business, it may have to be closed too. You could have to inform

potential employers that have filed for bankruptcy. Some of these companies may not hire

you due to this.

Other people might tell you how they tried to negotiate with their credit companies or the

companies that hold their loans. They might tell you that these companies are not able to be

negotiated with. With a professional credit counsellor at your side, however, many credit

companies are willing to negotiate with their customers. Indeed, many of these credit

companies are willing to offer very attractive options in order to help their customers to get

back on their financial feet.


Debt advice is really quite straight forward. There are no easy and quick fixes, though. It will

take time for a credit counsellor to gather the facts about your finances from you. You will

then be presented with choices that the credit counsellor suggests could be in your best

interest based on their vast wealth of knowledge. In addition, the credit counsellor will

answer any of your questions regarding the options available to you.


You don't have to be alone in the debt process. A professional credit counsellor could be

there with you every step of the way in order to ensure that you understand what is

happening. The credit counsellor will try to negotiate the lowest possible monthly payment

from your creditors for you. This is so you have more money in your pocket each month.

Having more money will help you get to the end of each month before you get to the end of

your money. Help also requires a change in lifestyle and the combination could help you get

closer to financial freedom.


It is important to make sure that you are taking debt advice from a professional who is

trained in financial matters. This will help to ensure you are given the correct information

from the most up to date sources. Professional credit counsellors must stay abreast of the

latest news and developments so they are able to help consumers.

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