Credit Counseling – Signs Now is the Right Time

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Benefits of Credit Counseling

For many people, the idea of undergoing credit counseling is a difficult one. It can be hard to admit you need help; however, anyone can find themselves having financial troubles. Perhaps you have wondered whether or not credit counseling could benefit you. If so, here are some signs you might be in need of it.

You’re receiving calls from collections agencies

If you’re receiving calls from a collections agency on a regular basis, this is a huge sign that something is amiss. Receiving calls from debt collectors can be stressful, and can also strain relationships with others in your household. Credit counseling can help you better manage these phone calls so you won’t have to worry about them as much.

You regularly take out cash advances or payday loans

Cash advances and payday loans tend to create a recurring cycle of debt that is extremely difficult to get out from under. It also indicates you are spending more than what your income can reasonably support, in which case credit counseling can help you create and stick with a budget that’s reasonable.

You use a credit card to pay monthly expenses

This is a also sign that your spending habits are out of control. Perhaps you have recently suffered a loss of income or became injured and were unable to work. Regardless of the situation, using a credit card to pay monthly expenses will only lead to more financial difficulties down the road as you deal with interest and over-the-limit fees.

You have little or no savings

If you don’t have any savings, this means you are ill prepared for any emergency that might strike. As a result, you could find yourself in dire straights if you are suddenly out of work or your home needs major repairs. This is especially true if you also find yourself living “paycheck to paycheck”, and have little or no money left over to put into a savings account.

Finally, if debt is causing you to spend a great deal of time worrying, this is also a sign you have a problem. If this is the case, you’ve probably thought about getting help, but may have been afraid of being scolded or made to feel inadequate. Here at Christian Credit Counselors, our goal is to provide assistance to you without judging. Our methods are rooted in Biblical principles, and have been effective at helping thousands of others just like you.

Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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