Do you often find yourself with more month at the end of your money and only a fraction of your bills paid? You are likely to have serious credit issues and a bad credit rating. Struggling with debt can take a toll on you and the problem may seem too big to tackle alone. As the problem gets worse, you find yourself losing control over everything and it may even be difficult to look at your own financial statements. It is possible to even lose track of the amount of debt that you have. You should know that you do not need to face your debt challenges on your own. With our experience at York Credit Services, we understand the industry and how important it is to have the guidance of a professional who can help you understand your debt and relieve the stresses of dealing with it. This is what credit counseling is all about.
It is very important to be careful with your choice of credit counselor. We cannot ‘wipe clear your bad credit history’ or ‘eliminate your debt completely’. This is not what credit repair and credit counsellors do because it is not possible. Credit counseling is not about making grand promises but about finding practical solutions to a problem; solutions that will get you where you need to be as soon as possible. No matter the size of your debt, at York Credit Services we have the expertise to come up with solutions that will completely change your financial position today as long as you are willing to commit to the process.
The credit counselling process starts by fully understanding your current financial status. We will conduct a thorough financial assessment on your income, assets, expenses and debts getting all the specific details and numbers. The financial assessment process is very crucial and detailed, it is important to be very open with the credit counselor at this point. It is important for the credit counsellor to know how your life operates in order to come up with customized and practical solutions to solving your debt.
Financial assessment is usually a very uncomfortable step in the process for most individuals, as it may seem like an extensive invasion of privacy. It can also lead to panic, especially when the magnitude of debt dawns on you. However, the financial assessment step is very necessary and our credit counsellor will guide you through the process of getting all this information.
The financial assessment will shed a lot of light on the various things we need to handle in order to get you to a more comfortable financial position. Without experience in handling debt, you may not be able to decide on the next best step to handle the process. As credit counsellors, we have a lot of experience with all kinds of debts and debt situations. This experience and expertise enables us to help you come up with the best possible way to handle your debt such as starting by paying off a few smaller debts, negotiating with debtors or joining a debt consolidation program among other options.
The reason most people fall into debt is due to poor money management skills and this is the final step in the debt counseling process. York Credit Services aims to build individual capacity to handle and manage financial matters independently.