Credit and debt counseling, do you need them?

If your not managing your money, your money is managing you! Not everyone here will have to repair bad credit because of Identity theft, but most of you will have to repair bad credit because of errors in your credit report.

Managing your money is the heart of credit and debt counseling!

If you have bad spending habits like I used to, then there will be errors in your credit report to becuase if you are in confusion as to where your money is going, then you will not be keeping track of your credit report either!

When is it a good time to consolidate debt?

Great question! If you credit is still reasonably good and you don't have a home to borrow against, then a debt consolidation loan will work for you if you are good at self policing your spending habits!

If you can get a loan at a reasonable interst rate you can afford, and you can pay off ALL or most of your crdit cards with it, go for it! Dig out your calculator and make sure you can save money by doing so, even if it is only on the interest rate.

If you can change bad habits about your spending early in your 20's, you can profit by more than a MILLION dollars by your late fifties!

Isn't that something great to work towards?

You be it is and I'm going to show you a secret formula to use anywhwere financing is available that you can use to figure out what your loan will really cost you! Once you see it, you won't believe how simple this is!

That formula will be in another section.

Why? because this is your most powerful tool and weapon to find out where your money is going and it NEEDS to have a whole section dedicated to it!

Click here to go back to the first page of credit and debt counseling.