A quick search through your phone book or online will show that there are scores of debt management firms and related services clamouring for your attention and your business.
This type of service has been around for ages, but is recently experiencing quite a boom as a growing number of people find themselves in debt. Unfortunately, they are sometimes shunned or treated with suspicion by those who can most benefit from their skills and offerings, and some people who turn away from debt management help may be doing themselves a great disservice.
There are a few blocks to the acceptance of debt management help that are as easy to move past as they are common, however. If you’ve been scoffing at the idea of paying a visit to your local organization despite difficult debt, you might have told yourself one of the following debt management myths:
Debt management services are for irresponsible people
The vast majority of people who fall into debt make an earnest effort to avoid the problem in the first place, and are usually simply trying to do what’s best for their families. Debt management services recognize this and are dedicated to working with committed, honest people. There’s no shame in seeking this sort of help.
My debt problems are too complex for a help service
You might be surprised, but there’s little that the average debt management company hasn’t seen. Even if you’re wading waist-high in unpaid bills, consult with a debt management specialist. They’re experts in sorting through the madness.
I can’t afford debt management services
Spending money to save money may seem contradictory on first glance, but you’ll likely end up paying more in interest, fees, and other expenses if you forgo the assistance of a professional.
Consider the fee a small price to pay for the time and hidden charges you’ll spare along the way.