What is Credit Counseling?

cosigner auto loanIf you have debt that you would like to get rid of, credit counseling may be a good option for you. Credit counseling is a service to help people reduce or manage the debt they have. This form of counseling can also help you learn more about finances and how to handle them.

When should you use credit counseling?

If you feel surrounded by unmanageable debt, or if you feel like your finances are out of control, credit counseling may be something to consider. Just because you may not have the perfect financial situation now, doesn’t mean you can’t turn it around and make it better.

What does credit counseling look like?

Credit counseling usually starts with a session where a credit counselor goes through your finances with you. You will get a big picture look at the different expenses and the debt you have as well as your current income. In this session, your credit counselor will also go over your options for repaying your debt. One of these options is a debt management plan that could help you pay down your debt if you feel like you can’t handle doing it on your own.

If you are trying to take charge of your finances or get yourself out of debt, you may want to look into credit counseling. A credit counselor can help you get on top of your finances and help you to improve your credit score. Also, remember if you are having auto financing problems during this time, we would be happy to help you out. Contact us and let us help you find the auto financing to fit your needs.