Do I Need a Credit Counselor?

by DeLadurantey Law Office, LLC on December 8, 2010

Even a small amount of credit card debt can cause an individual or a family considerable emotional distress. If you are having trouble coping with your debts, regardless of the amount that you owe, you may want to seek the help of an experienced legal professional to discuss the options that are available to you.

You May Not Need a Counselor

Many debt issues can be worked out with creditors themselves. By discussing your situation with each of your creditors, you may be able to negotiate a repayment plan that will allow you to keep making payments on your outstanding debts. This will typically only be an option for those with a consistent source of income. If negotiations are successful, you may not need the assistance of a credit counselor.

Seek the Help of a Credit Counselor

You may be able to manage many of your debts by working with a credit counselor. They can help you close credit accounts, avoid opening new lines of credit, and help you make payments on time. If you are considering bankruptcy, you are legally required to undergo credit counseling. However, if you want to negotiate with your creditors, you may be better served by working with an experienced bankruptcy attorney.

Credit counselors can be extremely helpful if you have unmanageable levels of debt. However, further steps may be required to help you with your financial distress. The Milwaukee bankruptcy attorneys at the DeLadurantey Law Office, LLC, would like to speak with you about your situation. Contact us today at 414-377-0518 to schedule a free consultation.

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