Debt Counseling: What to Look for in a Credible Credit Service
How to separate the tricksters from the trustworthy
A lot of Americans wait too long to start searching for debt counseling. People in debt should look to debt counseling to guide them through this turbulent time. The United States government makes it a requirement now to go to a debt counseling service location before declaring bankruptcy. When searching for the right debt counseling location, make sure you research the debt counseling services well.
Debt counseling scams are quite common and have grown exponentially since the credit debt began soaring in the early 2000’s. The Federal Trade Commission has brought 20 lawsuits against debt counseling agencies and will continue to prosecute others that are out there. Sometimes it is better to take the debt into your own hands. You can call your creditors or collection agencies to try and work out a settlement or lower interest rates.
Debt counseling is only as beneficial as how you practice it once you leave the counseling offices. They give you a plan and show you how to follow through with that plan, but then it is up to you. Personal finance software and personal finance managers help you once you have finished meeting with a debt counselor. Personal finance software like HelloWallet introduces you to better budget planning and shows you how to save the future.
Our HelloWallet WalletGrower™ crunches your debt, income, expenses, and future savings plans into an easy to manage monthly budget. We then give advice on how to better reach these goals and stay on track for your budget. Designed by the leading financial experts, WalletGrower™ is advanced financial algorithm that displays in a clear chart how much you need to save.
HelloWallet counsels you to pay off your unsecured loans (e.g. credit cards) as fast as possible like credit cards. HelloWallet has customizable credit card repayment structures and has a credit card calculator that lets you figure out the best end date for your repayment. For some people, a visual representation of how they are saving is all they need.
Our savings deals and advice is secure and sound as your financial information. HelloWallet keeps your banking information secure. We have passed protection reviews by security firms VeriSign and Veracode. Our read-only system on the website means that no one can actually access your banking accounts from our website.
HelloWallet provides some of the most innovative and user-friendly financial planning. Join us now for a free 60 day trial. After that, we work for you for peanuts (not literally) to help you become debt free and financially secure.
Leave a Reply
