Reputable credit counseling organizations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops.Their counselors are certified and trained in consumer credit, money and debt management, and budgeting.Federal law dictates how and when a debt collector may contact you: not before 8 a.m., after 9 p.m., or while you’re at work if the collector knows that your employer doesn’t approve of the calls.
Contact your creditors immediately if you’re having trouble making ends meet.
Tell them why it’s difficult for you, and try to work out a modified payment plan that reduces your payments to a more manageable level.
Don’t wait until your accounts have been turned over to a debt collector.
At that point, your creditors have given up on you.
Are you worried about losing your home or your car? Many people face a financial crisis at some point in their lives.