For the past few years I’ve worked as a financial counselor, helping people to solve their debt problems. As a financial counselor for a major credit counseling agency, I get an in-depth look at the debt problems being faced by people everywhere. I started this blog because many of my clients are having the same type of money problems, and they have made similar mistakes in their financial decisions. Even more noteworthy, many of these financial mistakes could have been avoided.
The hope is that by showing where people are going wrong in their finances, readers of this blog will avoid these all too common mistakes.
And I do think that we all need to pay special attention to our finances now. Life is not only getting more and more expensive, it is also getting more and more complicated financially. There are so many different ways available to borrow money, and unfortunately, debt is becoming a necessary part of life for many people.
There is nothing inherently bad about debt and borrowing money. But like with anything, there is good debt and there is bad debt. And with so many different types of credit available, plus an unprecedented need to borrow, a person needs to understand the differences between good and bad debt.
That is one of the biggest mistakes my clients have made by the time they need to seek out my agency’s services. They get into borrowing agreements that are simply bad business decisions on their part. The reason is because they didn’t understand that the terms of their borrowing agreement were simply not good. Part of my job is to educate my clients about these unfavorable lending terms, and these are the type of lessons that will be featured on this blog.
My clients often tell me that I or another financial counselor at our agency helped them to better understand their finances. After hearing this from so many people, I realized that a blog such as this could help even more people.
The credit counseling agency where I work is busy enough. My hope is that this blog will help people avoid financial problems so they never need to seek our services.
Note: All names used in this blog have been changed.