Should I seek out the services of credit counseling to handle my bankruptcy?
Credit counseling can be useful to use before declaring bankruptcy. They can help you manage your debt, develop a realistic budget, and formulate a plan to negotiate payments.
There are several commendable official 'credit counseling center' websites that one can depend on. For example, 'The National Foundation for Credit Counselling' and the 'Justice' website. These websites provides valid and accurate information's on many alternative counselling services, such as 'housing counselling' and 'bankruptcy counselling'.
By using a credit counseling service to help correct your consumer credit, you can avoid bankruptcy and get on a debt repayment plan. To avoid fraudulent practices, the Federal Trade Commission recognizes accreditation of such services by the National Foundation for Consumer Credit. Credit counseling services must try to provide the debtor with a realistic plan based on the debtor's ability to pay. The service must furnish the debtor with a time period under which…