Most Americans carry a large amount of debt, even though this habit is destructive to personal finances. When a person discovers their debt has grown to be untenable, they often panic or conclude they are bankrupt. While this may be true, in the vast majority of cases it is not. The person may indeed have a huge amount of debt, but as long as income is reliable, an alternative to bankruptcy probably exists. If you’re panicking about paying the bills, or you’re getting calls from collection agencies, or you’re behind on the mortgage or rent, you could probably benefit from debt help. Nearly every community will be serviced by one or more debt assistant programs; all of them can offer some type of assistance.
When selecting an agency, look for one that is accredited and associated with the local Better Business Bureau. Look for an agency that is non-profit. Look for an agency that is affiliated with a national debt assistance umbrella group. Look for an agency that has a staff of certified debt counselors-people that can not only help you crunch the numbers, but that can help you modify spending behaviors so that a future financial crisis can be avoided. If you find a debt help organization that meets all these criteria, chances are you’ve found the right agency.