San Diego is a wonderful place to live but it’s a terrible place to be drowning in debt no matter how beautiful the weather is.
The first place to start looking for credit counseling help in San Diego would be to look in your local yellow pages or do a web search, just like you are doing right now.
The local phone book listing require a word of warning.
Be Careful: Just because a credit counseling group is listed in your local yellow pages does not mean they are actually located locally. Some disreputable credit counselors have purchased local listings in distant telephone directories to make it appear they are located in those place when in fact they are not.
I’d suggest that before you begin contact credit counseling groups that you become familiar with there fourteen questions to ask any credit counseling agency. These screening questions will give you some great questions to ask before you decide who you are going to trust to help you on how to get out of debt.
But before you begin to assume that credit counseling is the best approach, let’s review your solutions in more of an overall way.
Credit Counseling San Diego
Credit counseling is a good solution to consider when you can easily make the minimum payments on your credit cards but you’re looking for lower interest rates. Even if you have fallen behind on your cards but you could afford the regular minimum payment if you were put back on track, credit counseling is certainly worth a look. You can click here for credit counseling information.
Bankruptcy in San Diego
If you can’t afford the regular monthly minimum payment your creditors want then it’s time to look at other solutions. Bankruptcy provides a legal fresh start when you can’t afford the payment demanded by the creditor. It also stops collection calls and lawsuits. It’s an effective way to deal with problem debt and your credit can be easily rebuilt afterwards. Before you begin to make emotional judgments about bankruptcy, please click here to find a local bankruptcy attorney and talk to them about what bankruptcy would mean for you.
Debt Settlement in San Diego
Debt settlement is an approach whereby you negotiate with your creditors to accept less than what you owe to resolve your debt. It’s a reasonable solution if you have cash or assets on hand now to settle but not if you need to start saving money now. Debt settlement can also leave you with bad credit, a big tax bill, and still facing collection calls. If you’d like to try a DIY debt settlement approach or have someone handle everything for you, click here and work with one of these companies.
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What to Expect from Credit Counseling in San Diego
When dealing with a credit counselor you can either make an appointment and take time off work and fight traffic to go meet with a counselor face-to-face or you can just deal with the credit counselor over the telephone. The phone is most likely the best route since you won’t have to take time off work to do that.
The credit counselor is going to ask you about your creditors and how much you owe. They will also ask you general questions about your monthly budget and how much of a monthly payment you feel you can afford. What the creditor counselor will not do is judge you, so feel free to speak to them openly.
The credit counselor is there to help you qualify for a debt management program. The debt management plan will allow you to make one payment each month to the credit counselor and they will cut the payment up and pass the respective portions on to each of your creditors.
Make contacting a credit counselor in San Diego one part of your exploration of solutions on how to get out of debt. But don’t stop there. Please feel free to investigate other options before you make a decision to go with the credit counseling solution so you can feel confident you’ve made the right choice for you.
One thing you should know however, credit counselors do not negotiate with the creditors. They already have terms in place with the major creditors and all credit counselors deliver the same terms.