Question:
Dear Steve,
I am $25,000 in debt. I gross $60,000. Should I use CCCS services or try to do this on my own? I’m overwhelmed, single mom, two kids, mortgage. I have no breathing room left. The very card is maxed, and now with interest, I will be over my limits.
Should I use an agency like CCCS to help me?
Kelly
Answer:
Dear Kelly,
The honest answer is, maybe. However, you are asking the wrong question and focusing on which tool to use before knowing the problem. The debt is the symptom and not the true issue.
Credit counseling is one of the most common solutions to dealing with debt, but so is bankruptcy, debt settlement, and maybe some other type of negotiation.
Debt is not much more than math wrapped in emotion. You currently have a life stress event caused by the pressure you feel from the no breathing room situation.
It is not uncommon for people to leap for magic assumed solutions rather than understand the overall situation to make that kind of pressure and stress go away.
Here are some posts worth reading:
- The Get Out of Debt Guy 8 Easy Steps to Eliminate Your Debt Checklist
- How Do I Get Out of Debt Quickly? Change Your Mindset.
- How to Get Out of Debt. The Honest and Unvarnished Truth.
- The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy
To get a better idea of what might be the better tool to use to deal with your debt in your specific situation, I would suggest you talk to my friend Damon Day, an exceptional debt coach.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
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