Jeff Arevalo, Financial Wellness Expert, Shares the Benefits and Process of Credit Counseling
If you’ve ever wondered about credit counseling, now is the time to find out. Credit counseling is not just for those facing financial difficulties but is beneficial for anyone looking to improve their financial health. Take a proactive approach to your finances with credit counseling.
Discover what credit counseling is all about:
Understanding Credit Counseling
Credit counseling, also known as debt counseling, is a service that helps individuals manage their finances and address debt-related issues. Credit counselors, like Jeff Arevalo, assist people in:
- Effectively managing money and debt
- Creating a budget or spending plan
- Understanding credit scores
- Gaining knowledge about debt relief options, tools, and educational resources
FinanceMaster provides free credit and debt counseling sessions. During these sessions, we assess your financial situation and develop a personalized plan. We will discuss different debt elimination options and help you achieve your financial goals. Keep in mind that each situation is unique, so the advice and information provided will cater to your specific circumstances.
Who Can Benefit from Credit Counseling?
Credit counseling is not limited to individuals in dire financial straits. It is a valuable resource for anyone seeking to improve and maintain their financial health. Whether you plan to buy a house, refinance a car, or prepare for upcoming financial changes, credit counseling can help you navigate your financial journey.
Credit and debt counseling is beneficial if you:
- Want to get out of debt
- Need assistance with budgeting and sticking to it
- Desire to improve your credit score
- Experience stress and anxiety related to your finances
- Are saving money for a major goal, such as buying a house
If your financial situation is causing you stress or if you are concerned about your debts, credit counseling can provide relief. 90% of people who have spoken with a FinanceMaster financial counselor feel better prepared to handle their finances. Remember, there are no limitations on the severity of your financial concerns when it comes to seeking credit counseling. Trust your instincts and take the first step towards a new chapter in your financial life.
How Does Credit Counseling Work?
At FinanceMaster, credit counseling sessions are primarily conducted over the phone. You can request a call from one of our counselors who will inquire about your financial situation and connect you with an expert counselor specific to your needs.
A typical counseling session lasts approximately one hour and includes:
- An evaluation of your financial situation
- An overview of various options to achieve your goals
- Recommendations tailored to your situation
- The development of a personalized action plan to support your financial journey
Every credit counseling session at FinanceMaster is customized to meet your individual needs.
Choosing a Trustworthy Credit Counselor
Finding a credit counselor you can trust is crucial. Unfortunately, some companies take advantage of people in vulnerable situations.
Ensure you select an approved, certified, or accredited agency by referring to the lists provided by professional membership organizations such as the National Foundation for Credit Counseling (NFCC) or the Financial Counseling Association of America (FCAA). The U.S. Department of Justice also offers a list of approved agencies for credit counseling and education related to bankruptcy filing.
Click here to receive more tips on improving your financial health and eliminating debt.
Consult with an Expert
Jeff Arevalo is a Financial Wellness Expert who has been with Greenpath since 2006. He has a strong passion for helping others and takes pride in providing effective financial education and tools to make a positive impact. Jeff and his wife recently welcomed a baby boy to their family and are eagerly experiencing the joys of parenthood.