Monthly Archives: November 2017

Finances With Credit Counseling

Taming your finances with credit counseling is actually very easy. Many people do not realize that credit counseling is more than having debt restructured. It is about learning to budget, reorganizing your debt and creating a solid financial future for yourself. Sometimes it takes another set of eyes to review your situation and see a brighter outcome.

When a person has an ache or pain they visit the doctor. They look to a professional to solve their problem. The same fact remains true for legal issues. If you have a legal problem you hire an attorney. Why so many people do not feel the same way about their finances is a mystery. If you are having trouble with your money, find a professional. You can tame your finances with credit counseling.

This type of service which almost hinges on consulting will help you determine where your weak spots are as well as your strong points. A simple reorganization of how you pay your bills may be all that is needed to get back on the right track. If you are having a severe financial melt-down, you may need to restructure your debt. A debt counselor can guide you toward the right debt program.

The sort of financial advice you receive from this kind of service can also help you plan for your future. Retirement savings is crucial for everyone from all walks of life. By reconstructing your debt you will have extra money that can be invested into your future. Living within a budget can be hard at first, but when the results begin to show it becomes quite simple.

You can also tame your finances with a credit counselor by following their guidelines for credit lines, personal savings and other financial issues. These are professional people who have trained specifically for this field. Utilize their knowledge to your advantage.

By following the simple guidelines that credit counseling provides, you will be able to tame your finances with credit counseling in no time. Credit is a very important part of society. It is important that you follow good credit habits such as paying on time and not placing your cards to their limits. However, everyone needs help at sometime. Events take place that are uncontrollable and people find themselves in a financial bind. Don’t panic. Simply seek the advice of a credit counselor and begin your journey back to financial freedom.

Credit Counseling

So who needs credit counseling? Anybody whose debt loads are running high and who are thinking of filing bankruptcy, need counseling with their finances. Counseling services are meant to negotiate with your creditor for lower payments. More and more counseling on credit services are seen as they are encouraged by the payment system that is called the ‘fair share’.

If you are able to handle your finances well and pay your bills in time you are one amongst those who don’t need counseling. But if you see your bills mounting and you are panic stricken with too much debt to handle, you can seek help from a debt counselor. There are tell-tale signs to understand when you need counseling. They are:

o When all that you think you can afford to pay is the minimums on your credit.
o You have been late with your payments on one or more of your bills.
o Collection agencies or creditors are pestering you to pay up.
o You have not been able to negotiate with your creditors for an affordable payment plan.

If your debt is too much to handle credit counseling might not help either. How much your creditor will compromise is also bound by limits. Your creditor may not be able to cut down your payments to a great limit. Make sure that you don’t stretch your payments for years. This will only result in you paying up a much larger sum of money over a long number of years. You can seek help from Christian credit counselors if you are looking for non-profit counseling of credit services.

What to do after deciding on credit counseling? When you have decided that you will opt for credit counseling, you must have certain things in mind:

o Find out if you are paying more for counseling services then you may be tricked. A service charge is usually $10 set-up fee.

o Look for an accreditation to the National Foundation for Credit Counseling or the Association of Independent Consumer Credit Counseling Agencies. Legitimate counseling firms are usually affiliated to these associations.

o Check if the money is going to the right place. Some companies put the first month’s payments as their fee instead of giving it to your creditor.

o If a company is making unrealistic promises then beware! A legitimate credit counseling service will help you pay back your money and negotiate a lower rate of interest and till you that this might have some affect on your credit report.

Only a legitimate credit counselor can offer you a good service. Others will promise good service but will ultimately take away your money and leave you more in debt. So choose your debt counselors carefully.

The Best Way to Reduce Debt

Many today are struggling with their finances and never know what to do. Before you throw your hands up and file for bankruptcy, look into credit counseling. It’s a great way that’s both fast and effective to help any struggling individual get rid of debt.

This method of debt elimination can do many things for you. If you pick the right company, you would be able to get your budget under control, give you several debt repayment options, and possibly avoid bankruptcy. In addition, they would also offer a one to one finance counseling to help pick you and get you back on your feet. Your creditors and agents that chase you for money would be more than willing to work with your selected consumer credit counselors because it helps them if they help you get out of debt. This is definitely a win-win situation.

By turning to credit counseling, you also get to boost your credit record. As you would be given a negotiated low interest rate and a fixed monthly payment that would suit your monthly income, you should be able to make monthly payments and avoid late fees. When your creditor sees that you can be trusted to continuously make payments, they will get your accounts re-aged and update the status on your credit file, giving you a better financial image.

As this method of debt riddance grows among society, more and more companies are popping up all over the place. If you choose to go with debt credit counseling, make sure you pick a company that is reliable. If you’re unsure, go online and look it up or get a recommendation from your banks. It is indeed important that you pick a good and accredited company to ensure effectiveness in your financial solutions. The best ones should be non-profit, charge the lowest fees available, and offer online counseling and account management.

What is Christian Finance

Christian Finance is a Biblically based concept to help teach believers their stewardship duties and to be a responsible Christian investor with their money. They teach Christian financial principles such as goals, budgeting, debt elimination, saving, financial management, tithing, and giving.

Why should a Christian investor consider having a Christian finance and hiring a Christian Financial service professional?

Having your finances managed by a Christian Finance professional that understands and applies Biblical truths can help you become a better and more effective steward with God’s resources. The main reason is because the investor and advisor are both Christians, they share similar values. The advisor understands Biblical principles such as tithing, budgeting, debt reduction, saving, investing and giving. After the initial interview process of numerous financial related questions, the financial advisor can identify areas of improvement for the client.

Having your Christian finances managed by a financial professional that utilizes Biblical truths can give you a peace-of-mind with your finances. If you are in debt and can only make minimum monthly payments, the last thing you need is another loan. What you need is someone to help – you need a debt management program and that’s exactly the right moment to go in for Christian Finance. The debt management programs pairs you with a Debt Repayment Representative who will work with you and your creditors to lower your interest rates, reduce late fees, and bring your accounts up to date. You will begin making one lower monthly payment and pay off your debts years sooner than on your own. People involved in debt management companies typically pay off their debts in just 3-6 years!

To have a good Christian Finance record and program, it is necessary to have a good Christian Counsel. To find a good counsel there are two important areas to consider.

1.The first is how they are compensated. It is very difficult to receive unbiased advice from someone who is trying to sell a financial product. So, an obvious limitation that Christians should easily recognize is whether the people giving them Christian Finance advice are actually giving wise advice or just a sales pitch. It is always recommended to seek a fee-only financial planner or investment advisor that is also a believer of Christ.

2.The second part is to find Christian Finance counselors with like minds, attitudes and principles. Many financial advisors who profess to be Christians live lifestyle that are far from Christ-like. Likewise there are those who are very good Christians, but they have no knowledge or wisdom concerning the biblical principles of finance

The best method for locating good Christian Finance counsel is from other Christians who have received similar help or consultation in the past. This could be fellow church attendees, pastors, or Christian businesspeople. Additionally, this type of information could perhaps be found at Christian professional associations, societies, and organizations, both locally and nationally.

Without a doubt, good Christian Finance counsel is available for all who seek such counsel. But prayer, wisdom, and caution must be foremost in order to select the most qualified counselors and those whose lives and expertise conform to God’s will for the lives of the counselees.