![\"Debt](\"https:\/\/www.creditrepair.com\/blog\/wp-content\/uploads\/2017\/06\/office-1209640_1920.jpg\")
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Americans have amassed just under $1 trillion in credit card debt<\/a>, and the average household is $136,643 in debt. If you owe more than $20,000 in unsecured loans and don\u2019t have enough equity built up in your home, it may not be possible for you to fix your debt problems on your own.<\/p>\n Gritting your teeth and saying, \u201cI\u2019ll find a way to repair my credit somehow\u201d won\u2019t help you solve your financial problems. But that doesn\u2019t mean you can\u2019t fix your credit. It just means you need a knowledgeable professional with the experience to help you get out of debt.<\/p>\n Your first step to financial recovery is talking to a third party about your debt. A trustworthy debt counselor<\/a> can help you find the right plan to get out of debt, work with credit agencies on your behalf, and give you tools to help you repair your credit and stay debt-free, for good.<\/p>\n It\u2019s not easy to share your debt secrets with someone you don\u2019t even know, but the long-term payoff is worth it. Here are seven incredibly freeing reasons to talk to a debt counselor before it\u2019s too late.<\/p>\n If you\u2019re heading for bankruptcy or foreclosure, talk to a debt counselor immediately. Often, a professional debt counselor can provide options that aren\u2019t available to you on your own. With their help, you can arrange a solution with creditors to lower your payments or interest rates\u2014and avoid bankruptcy<\/a> or foreclosure<\/a>.<\/p>\n A debt counseling company will negotiate with your creditors to lower the interest rates on your debts to reduce your monthly payments. In exchange, your creditors will add an R7 rating<\/a> to the account on your credit reports, which will lower your credit score. But a lower credit score is better than bankruptcy, and as your debts are paid off, your score will improve again.<\/p>\n Talking to a professional third party means you\u2019ll get help from an expert who has the experience and knowledge to understand all of your options. A debt counselor can be a skillful advocate on your behalf, because they have a relationship with creditors and they understand your legal rights. It also means you have someone to do all of the legwork for you, so you don\u2019t have to spend endless hours on the phone with unsympathetic creditors.<\/p>\n Websites, radio shows, and books can provide general help, but sometimes you need personalized expertise that fits your specific situation. Talking with a third-party professional means you have the chance to get that individualized help to repair your credit.<\/p>\n Debt counseling agencies have a variety of services they can provide for all kinds of debt. During your first meeting with a debt counselor, your finances will be carefully reviewed in detail. Expect it to take about an hour. After the review, your debt counselor will recommend the best course of action for your situation. Solutions may include any of the following options:<\/p>\n When you owe several creditors, it can be tremendously stressful to juggle all of the payments that need to be made every month. The mental gymnastics of planning out your payments and calculating your checking account balance can rob you of sleep and peace of mind.<\/p>\n But often, when you work with a debt counseling company, you can reduce all of your payments to one check that you write to the debt settlement company. The agency then pays your creditors. Usually, debt counselors charge nothing or very little, because most of their funding comes from creditors and banks. A schedule is set up and you can usually be out of debt in less than 60 months\u2014assuming you faithfully write that one check each month.<\/p>\n When you talk to a debt counselor, you can rest assured that the details you share are confidential. All personal details are kept private and nothing will be passed on to a third party without your consent. You can feel safe in disclosing personal and even distressing details in the confidence that the information won\u2019t be shared with anyone apart from your knowledge and permission.<\/p>\n Ultimately, repairing your credit is about more than paying off your debts. If you\u2019ve gotten this deep enough into debt, you\u2019ll need to learn better habits of managing your finances. One of the biggest benefits of talking with a debt counselor is learning how to stay out of debt, for good.<\/p>\n Often, debt counseling agencies provide education, budget planning, and workshops to help you establish new money habits. These services can help you move forward on solid financial ground and avoid future credit problems.<\/p>\n Most importantly, speaking with a debt counselor can give the peace of mind you\u2019ve been longing for. With the expert help of a third party, it\u2019s possible to sleep well again. While the road to repair your credit may take a few years, it can be incredibly freeing to know you\u2019re on the right track.<\/p>\n Ready to take the first step to repair your credit? Contact us today to discuss your credit repair needs and options. We\u2019re a trusted credit report repair<\/a> services provider and the only company with direct partnerships with the three major credit bureaus.<\/p>\n Carry on the conversation on our social media platforms. Like and follow us on Facebook<\/a> and leave us a tweet on Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Americans have amassed just under $1 trillion in credit card debt, and the average household is $136,643 in debt. If you owe more than $20,000 in unsecured loans and don\u2019t have enough equity built up in your home, it may not be possible for you to fix your debt problems on your own. Gritting your […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158],"tags":[219,52,167,48],"yoast_head":"\nPrevent Bankruptcy or Foreclosure<\/strong><\/h2>\n
Get Expert Help<\/strong><\/h2>\n
Find Personalized Solutions<\/strong><\/h2>\n
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Simplify Your Payments<\/strong><\/h2>\n
Speak Confidentially<\/strong><\/h2>\n
Fix Your Root Issues<\/strong><\/h2>\n
Get Peace of Mind<\/strong><\/h2>\n