Finally, far too many of the credit counselors have demonstrated that they are ill trained to be dealing with the complex issues of debt and collections. I have heard far too many stories from consumers across the nation that these counselors gave the wrong advice which negatively impacted their lives, including advising that consumers file for bankruptcy protection. . Bankruptcy Courts are reporting that in spite of the boom in the economy, consumers are flocking to bankruptcy count for protection from creditors. Today your credit report contains a point score. A high score is what creditors look for as a basis for approving credit applications.
Nothing is free and nothing worthwhile is easy.
Use your good common sense, trust your instincts and surf the net to find answers to your financial questions and problems. Trust me, it doesn't happen. In my opinion, bankruptcy should only be used as a last resort, when all other options have failed. This choice is the preferred one by most consumers because it affords anonymity without the stigma, while avoiding the embarrassment and humiliation of creidt counseling or bankruptcy court. However, this is where most consumers endure the tremendous hostility of the collection system.