Why Are More People Seeking Help From Consumer Credit Counselors?
The emergence on consumer credit counseling over the past few decades is mainly due to the increasing number of Americans who continue to charge their way into unmanageable debt. This is not to say that there arent some families and individuals who have ended up in debt due to no fault of their own whether it is due to high medical bills, illness, death or a change in family status. But most end up in debt because of charging too much on credit cards and store cards and buying things on credit that they wouldnt otherwise be able to afford. At some point you just cant keep up with even the minimum monthly payments, which in turn causes a huge amount of the debt to be just the interest owed.
For many individuals and families who find themselves in over their heads, bankruptcy can seem like the only answer. As a result of this consumer credit counseling organizations have emerged to try to deal with this growing problem by helping people manage their debts and make arrangements to get them out of debt. This is often the last step before bankruptcy.
In fact, recent bankruptcy laws have been...
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