Credit counseling is great for help people who have over extended themselves with credit card debt and loan payments. If you are having problems paying the monthly payments, you need to talk with a counselor before you get behind in payments. This is first step to saving your credit history and keeping your credit score high. Counselors can work your creditors for you to negotiate interest and late payment charges. In some cases, the counselor will have a payment plan that pays al creditors monthly while leaving you enough money to live.
Credit counseling is necessary before and after any bankruptcies. You have to attend a counseling session to discuss why you are in debt and how you came to the point of bankruptcy. The counselor is not there to judge you. They are there to help you understand how you can avoid future problems with credit issues and how you can manage your money better. Before you file for bankruptcy, you must attend a session to satisfy the filing requirements.
If you find yourself without a job and the bills are piling up, credit counseling will help with finding ways to pay the bills and still have money for living expenses. If you have creditors calling or debts going to collection agencies, you can use a counselor for help you talk with creditors and set up payments plans that you can afford. This stops debts from going to court for judgments and garnishing.
If you are having credit issues, set up an appointment for credit counseling so you can get back on the right track with your creditors and keep your credit history in good standings. It is never too late to talk about your credit problems, it is actually better to do it at the first sign of problems.
Many people have trouble with their credit, but like metioned above it is always best to catch the problem at the early signs. To many people wait until they are so deep down in a whole that they finally realize there is a problem. Be smart, admit your mistake and get it fixed don't keep your pride and make a fool of yourself in the long run.
But the best thing you can do to avoid going through all this trouble is to just stay away from credit cards. There are many strings attached, cash is always a good way to go. You may feel uncomfortable at first, but you will find it a whole lot safer.