Struggling with debt can feel isolating, but you are not alone, and there is help available. If your monthly payments are getting harder to manage, your credit card balances are climbing, or you are simply overwhelmed by financial stress, credit counseling could be the lifeline you need.
What is credit counseling?
Credit counseling is a confidential, non-judgmental service designed to help individuals regain control of their finances. A financial counselor (hi there!) can help you review you full financial picture, starting with:
- Budgeting assistance
- Debt analysis
- Credit report review
- Personalized action plans
7 signs that you might need credit counseling
1. You are only making minimum payments
2. Your debt feels unmanageable
3. You are behind on bills
4. You use credit for everyday essentials
5. You are facing collection calls
6. Your credit score is dropping
7. You feel stressed, overwhelmed, or hopeless about money
What happens during a credit counseling session:
1. A confidential financial review is conducted
2. You will receive personalized guidance
3. A personalized action plan is created
Credit counseling vs. debt settlement
- Credit counseling: works with creditors, often preserves credit score, provides financial education, and a debt repayment plan is created.
- Debt settlement: negotiates to reduce what you owe, can damage your credit score, focuses only on debt relief, and may result in tax consequences
Ready to explore your options?
Contact Walters Financial Wellness to begin the process!