Four years ago one, of my closest friends, Bill, came to me to share he was more than $100,000 in credit card debt. Bill needed more then a Debt Diet—he needed professional nonprofit consumer counseling. Fortunately, that’s exactly what he got, and last month Bill became officially debt-free! Bill’s not alone. Each year, millions of Americans turn to nonprofit credit counseling to help them get out of credit card debt. When people turn to these organizations, they have, on average, more than $20,000 in credit card debt. With that said, you don’t need to be this far in debt to get professional help. I’m an advocate of getting nonprofit credit card counseling if you feel you can’t get out of debt yourself. If you’re having trouble paying your bills on time, are only making minimum payments or have skyrocketed interest rates on your cards and can’t make a dent in the debt, it may be time to get some professional help. The key, however, is to get “trustworthy, honest help” from a reputable nonprofit credit counselor. Let’s take a look at what these organizations can do for you.
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