Getting Immediate Debt Counseling

1. Wish to know how? Pay what you owe then spend less than you earn. It's easy - but it's hard. As a sensible sage said, do not let your outflow surpass your income or you will be in problem. That's the bottom line. Just how much you bankruptcy help bbb owe, and what type of debt it is, will figure out the debt control method you use. Are you in arrears on your home mortgage or maxed out on your charge card? Pick from among the many qualified experts that can provide you the guidance and help you require. But if your debts are 'affordable' and workable - and you are serious about getting them paid off and your lives back under control - I have problem. There is no "quick fix". It will require time, determination, discipline. It will hurt. But it will deserve it. 10 years ago, I owed what (for me) was a great deal of money (about $5000). It was a mix of overspending, veterinary bills for my feline, appliances breaking down and needing to be replaced plus recurring revolving credit card debt. I had actually already taken out - and settled - two debt combination loans in years past, so I chose it might be time for more drastic procedures. I made a visit with one of those debt counseling services (you see the ads all the time). I knew they worked out with lenders to bring down the amount of one's financial obligation through manageable regular monthly payments. It sounded good to me. I did my research. I brought copies of all my credit card statements, energy expenses and pay stubs. And I drew up a comprehensive spending plan - earnings and all my expenditures. My financial obligation counselor and I sat down to examine the material and choose a course of action. He was a pleasant, non-judgmental individual. He asked a great deal of concerns and clarified some items in my budget, making notes as we talked. Then he sat for a few minutes, reading his notes, looking over my documents. I waited ideally. Finally, he put down the papers and his pen, kicked back in his chair, looked me in the eye and stated, "I can't help you." OK, that's not what he stated. At least, not that way. He explained the procedure to me, and how the services of his company worked. Yes, he could reduce my debts and set up lower monthly payments. However, there was a drawback, he cautioned. My credit history would be affected when this action went on my file and it might cause some issues for me in the future. In your case, he said, I would recommend that you just settle your financial obligations by yourself. It will take longer but it will not damage your credit ranking. As long as you keep making monthly payments, the credit bureaus do not penalize you no matter for how long it takes you to pay for everything. He further explained that my spending plan was "extremely sensible" and that my lifestyle was "rather penny- wise". I did not have an automobile and related expenditures. I didn't smoke or drink much; I seldom dined out or spent much on entertainment. He believed that, if I bewared, I could pay off all my financial obligations, on my own, within three years. By this time in my life, I was a Christian. I wished to live the way the Bible taught was right. That included "excellent stewardship" of whatever the Lord delegated to me - work, financial resources, valuables, relationships, time and skills. So I devoted to "doing it the hard way" and trusting God to help me.

2. And he did. 2 years later, all my debts were paid in full. I was tithing (providing 10% of my earnings to my church) in addition to offering to other worthwhile causes. I had a new task and was making good money. And I kept doing the right things -earning, offering, spending and saving - in the right balance. One year ago, God blessed me again with my first house. And he did it during the worst economic recession in years. If you are faithful with a little, God will trust you with more (another scriptural concept). What did I find out? Doing the right thing settles. God blesses people who honor him and live according to his principles. If it takes years to enter into a mess, it can take years to get out of it. The option? Don't enter into the mess - remain well balanced. Do not home loan tomorrow to pay for today (i.e., don't buy on credit unless you can pay it off immediately and only if you really require it; if not, save and wait). As my favorite Bible teacher Joyce Meyer says, drive by a junkyard at some point and take a look at all the junk that was as soon as someone's treasure. Whatever winds up in the garbage eventually, so be wise and mindful what you invest your time, energy and resources on. Store up treasure in heaven, where moth and rust will not damage it, the Bible states. Love individuals. Do what you can to help them. Be a generous giver. Reside on less so you can offer more. Above all, remain well balanced. Trust God to assist you, and keep in mind the concept of sowing and enjoying. What you provide is what you get. And the 'golden rule' Do unto others as you would want them to do unto you. Plus a comparable one is 'like your next-door neighbor as you love yourself'. Getting - and remaining - out of debt is a great way to enjoy yourself. You will sleep much better. You will worry less. And you will be able to assist individuals in need, whether enjoyed ones or others in need. After all ... you can't take it with you!