Debt Counseling Basics

If you are among most of us, then you are not only concerned about your current debt obligations, but also about where your next pay check may be coming from. So, be careful when considering debt counseling because most involve basically taking out another loan (pre-paid) to sign up with a service that will take care of all your bills for you with one single payment a month. The problem with this type of debt counseling is their company can only reduce interest and payments for revolving accounts, so if you owe taxes, mortgages, rent, or utilities then you will still be obligated to pay the same as before plus the new added amount for your “debt counseling.” More info: debt counselling Halifax

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