To save yourself from the statistics, read on for good advice. We're very impatient about wanting to acquire material things.
Shopping is entertainment.
You've got to pay off all that debt. Credit counselors help clients understand how their debts became overwhelming, and teach them how to both dig out and prevent personal history from repeating itself. Whether a client needs simple financial advice, a personal plan for paying off creditors or referral to a bankruptcy lawyer the assistance is usually free. They knew they wanted to buy a house someday and thus needed to improve their credit and reduce their monthly payments to make room for a mortgage. With debt proration, the counselor negotiates new terms with the debtor's creditors and then takes the debtor's paychecks, pays the creditors each month, giving the client what amounts to an allowance.