Not all financial woes need to result in bankruptcy, and a good Dayton bankruptcy attorney is not looking to take on just any client. In fact, oftentimes a bankruptcy attorney will refer a potential client to credit counseling services before recommending filing for any bankruptcy protection. Credit counseling is a useful service that can help many who are in financial straits but do not need to seek the protections afforded by a Chapter 7 or Chapter 13 bankruptcy. These services are mandatory requirements for filing, as well, which is a good indicator of their usefulness.
Credit Counseling Solutions
A great benefit of a good credit counseling service is its efficiency. Those which are accredited with the courts will charge a reasonable fee and provide in return a financial education that many are sorely lacking. They will work with you to help manage your current debts, either through consolidation or debt management programs or any of a number of other tools at the disposal of the service. For many facing big-time debt, bankruptcy is the best solution for a fresh start; but it is not necessary for all, and counseling can help you decide the difference.
To be sure, there are many companies out there trying to take advantage of financially troubled individuals, and many attempt to do this by offering services that appear to be similar to those offered by legitimate counseling companies. A good general rule is: if it sounds too good to be true, it is. Do not be taken in by promises of “fixing” your credit score or settling your debts for pennies on the dollar. Consult a good bankruptcy attorney and get a referral for a credit counseling service you can trust.