by Mary Guimont
America, today
Today, Americans, face debt more and more each year. The average American makes 51,000 k. The average debt for this American is 75,000. Credit is becoming the devil's advocate for liens, repossessions and seizures. Many are filing bankruptcy in court and are losing everything they have worked for while others seek another loan to cover their last loan. Debt is becoming a four letter word and growing concern for
all Americans.
Ways to Deal with Debt
Credit Counselors
Credit Counselors are usually with a non-profit agency that offers educational advice to consumers on how to avoid incurring debt. Credit Counselors set up a payment plan between the consumer and his creditors. After a plan is made and then agreed upon. It is then act out on by the consumer sending one payment to the credit counselor agency and the credit counselor then distributes the payment among the consumers creditors.
What to know when choosing a credit counselor.
When chooing a credit counsel agency, the consumer should always make sure the agency is a non - profit
Choosing a credit counselor:
If your considering the services of a credit counselor, Here is what to expect
http://www.consumer.ftc.gov/articles/0153-choosing-credit-counselor
Coping with debt
When you are dealing with debt. You have options to choose from. Learn these options.
Filing bankruptcy
If you are considering filing bankruptcy. Here are some things you should know.
