If you are in financial trouble and want credit help in Little Rock AR, there are some things you can do without having to file bankruptcy. If you are constantly receiving harassing phone calls from bill collectors, you can get them to stop by knowing your rights. You don’t have to file bankruptcy to get the calls to stop. There are laws that protect people against harrasment from bill collectors. Do some research into what is acceptable from bill collectors and what is not.
If you only have a little bit of money coming in, you may think the only way to settle your debt is to file bankruptcy, but some creditors are willing to negotiate with you to help get your monthly payment down. Even if you can only pay half of what your monthly payment is, it is better than not paying anything at all. Give your creditors a call to see if they are willing to work with you.
If you are not comfortable talking with your creditors and trying to negotiate a lower monthly payment, there are credit counselors that can talk to them for you and make it much easier for you to pay your bills each month. They help you get a lower payment from your creditors, but instead of paying your creditors each month, you pay the credit counseling company and they disperse the payments to each of your creditors. There are many advantages to getting credit help in Little Rock AR from a credit counseling service. You only have to write out one check instead of several, your interest rates are sometimes lowered through negotiations between the counseling service and your creditors, your payments will always be on time, you don’t have to worry about receiving any more phone calls from bill collectors, and the number one reason a credit counseling service is beneficial is because you will be on the road to repairing your credit. Having better credit can help you in so many ways. Sometimes you need good credit even just to get a job or rent an apartment.
Getting credit help in Little Rock AR is a good way to help keep bankruptcy off your credit report. That mark on your credit report can keep you from getting new loans or even from buying a home. Look into alternatives for filing chapter 13 and consider going with a credit repair or counseling service to get back on the road to financial recovery.