Credit Counseling Is Essential
Currently, you must submit a certificate of completion from credit counseling before you can apply for bankruptcy. Now that credit counseling is a prerequisite for registering for bankruptcy, it is essential to know what to look for in a credit counselor. First, you must confirm that a counseling agency will provide the required certificate to prove that you are certified in counseling and that your credit has already been reviewed by a qualified individual. Knowing beforehand that the counseling has a goal is an excellent first step in optimizing the entire procedure.
What to Search For
In fact, some credit counselors already offer specialized """"pre-bankruptcy"""" courses tailored to advise you specifically in the context of your bankruptcy filing. Before filing, these courses will teach you everything you need to know about credit rating materials. A good course will include an evaluation of your current credit and financial situation, a discussion of potential alternatives to bankruptcy that you should consider, and the construction of a personal budget plan to assist you throughout your proceedings.
Costs and Predictables
In most cases, counseling sessions will incur a fee. If you are unable to pay, agencies are required to provide you with counseling services at no cost. Clearly, you will be required to provide proof of inability to pay prior to requesting this portion of the service. The law requires that you address fees with the credit counselor before beginning their services. A typical course lasts between 60 and 90 minutes and can be conducted in-person, online, or over the phone.
Before contemplating a counselor, you should become more familiar with their procedures. Make sure you understand what records will be kept about you, whether they are already accredited or certified by an outside service, and how they can assist you in developing future plans to avoid bankruptcy and other credit problems.""
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