Debt Management Options

There are usually multiple different solutions to any of the various difficulties that one may encounter. Knowing what the options are, the advantages and disadvantages of each, and learning how to implement those actions is paramount to success.

Our experienced counselors can help identify and advise about these options. Many variables go into the analysis required to determine the best choices available, including understanding the situation and root causes, knowing the short and long term goals, identifying the resources available, presenting the possible solutions, and developing a plan to implement the chosen course.

Listed below are a number of situations and potential strategies. Often the course of action involves multiple strategies and tactics. This list is not all inclusive, and is provided here as an example of some of the possibilities.

Basic Necessities: Food, Shelter, Clothing

Planning and Using a Budget

• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Specialty Organizations

Cash Crisis – Short Term

Planning and Using a Budget

• Government & Social Services Assistance
• Specific Financial Literacy Training
• Proper Use of Credit
• Family Assistance
• Church & Charity Assistance
• Direct Arrangements with Creditors

Credit Report / Credit Analysis

• Credit Report Analysis
• Specific Financial Literacy & Training

Death & Estate Resolution

Planning and Using a Budget

• Legal Services
• Specialized Professional
• Specific Financial Literacy Training
• Specialty Organizations
• Family Assistance
• Church & Charity Assistance

Debt Overextension & High Interest Rates

Planning and Using a Budget

• Specific Financial Literacy & Training
• Sell Assets
• Balance Transfer
• Rewrite/Recast Loan
• Refinance Loan
• Home Equity Loan
• Consolidation Loan
• Judgment Proofing for Seniors/Disabled
• Direct Arrangement with Creditors
• Self Managed DMP
• Professional Managed DMP
• Settlements
• Bankruptcy
• Family Assistance
• Church & Charity Assistance
• Government & Social Services Assistance

Disaster Loss & Recovery

Planning and Using a Budget

• Life Skill Training
• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Specialty Organizations

Education & Career Planning

Planning and Using a Budget

• Life Skill Training
• Specialized Professional Advisors
• Specialty Organizations
• Family Assistance
• Church & Charity Assistance
• Employment & Career Development
• Government & Social Services Assistance

Employment Loss & Reduction

Planning and Using a Budget

• Life Skill Training
• Specialized Professional Advisors
• Specialty Organizations
• Family Assistance
• Church & Charity Assistance
• Employment & Career Development
• Government & Social Services Assistance

Establishing or Re-establishing Credit

• Proper Use of Credit
• Specific Financial Literacy & Training
• Specialty Organizations
• Family Assistance
• Credit Report Analysis

ID Theft, Fraud & Other Crimes

Credit Report Analysis

• Life Training Skills
• Legal Services
• Proper Use of Credit
• Specific Financial Literacy Training

Federal, State, Local & Government Debts

Planning and Using a Budget

• Life Skill Training
• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Specialty Organizations
• Behavioral Counseling

Gambling

• Proper Use of Credit
• Specific Financial Literacy & Training
• Specialty Organizations
• Family Assistance
• Direct Arrangement with Creditors
• Church & Charity Organizations

Health & Medical Related Issues

Planning and Using a Budget

• Life Training Skills
• Specialized Professional
• Specific Financial Literacy Training

Homebuyer

Planning and Using a Budget

• Specific Financial Literacy & Training
• Pre & Post Home Purchase
• Specialty Organizations

Lawsuits, Judgments, Garnishments

• Legal Services
• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Sell Assets
• Balance Transfer
• Rewrite/Recast Loan
• Refinance Loan
• Home Equity Loan
• Consolidation Loan
• Judgment Proofing for Seniors/Disabled
• Direct Arrangement with Creditors
• Self Managed DMP
• Professional Managed DMP
• Settlements
• Bankruptcy
• Family Assistance
• Church & Charity Assistance
• Government & Social Services Assistance

Marriage & Children Additional Expenses

Planning and Using a Budget

• Life Skill Training
• Family Assistance
• Church & Charity Assistance
• Employment & Career Development

Mortgage /Foreclosure

Planning and Using a Budget

• Life Skill Training
• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Specialty Organizations
• Behavioral Counseling
• Proper Use of Credit

Old Debts

• Legal Services
• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Sell Assets
• Balance Transfer
• Rewrite/Recast Loan
• Refinance Loan
• Home Equity Loan
• Consolidation Loan
• Judgment Proofing for Seniors/Disabled
• Direct Arrangement with Creditors
• Self Managed DMP
• Professional Managed DMP
• Settlements
• Bankruptcy
• Family Assistance
• Church & Charity Assistance
• Government & Social Services Assistance

Personal Liability for Business Debt

• Proper Use of Credit
• Specific Financial Literacy & Training
• Specialty Organizations
• Legal Services
• Bankruptcy
• Settlement
• Sell Assets
• Home Equity Loan
• Consolidation Loan
• Balance Transfers
• Direct Arrangements with Creditors

Repossession

Planning and Using a Budget

• Life Skill Training
• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Behavioral Counseling
• Legal Assistance
• Bankruptcy
• Proper Use of Credit

Retirement & Estate Planning

Planning and Using a Budget

• Saving & Investing
• Specialized Professional
• Proper Use of Credit
• Specific Financial Literacy Training

Separation & Divorce

• Legal Services
• Life Skill Training
• Specialized Professional Advisors
• Specialty Organizations
• Family Assistance
• Church & Charity Assistance

Social, Mental, Emotional Issues

• Specific Financial Literacy & Training
• Specialty Organizations
• Family Assistance
• Specialized Professional Advisors
• Church & Charity Organizations
• Behavioral Counseling
• Government & Social Services Assistance

Spending Behaviors & Lack of Budgeting

Planning and Using a Budget

• Life Skill Training
• Family Assistance
• Church & Charity Assistance
• Specific Financial Literacy & Training
• Behavioral Counseling

Student Loan Consolidation & Delinquency

• Specific Financial Literacy & Training
• Specialty Organizations
• Student Loan Solutions
• Specialized Professional Advisors
• Church & Charity Organizations
• Rewrite/Recast Loan

Utility Delinquency & Shut Off Utilities

Planning and Using a Budget

• Government & Social Services Assistance
• Specific Financial Literacy Training
• Sell Assets
• Family Assistance
• Church & Charity Assistance
• Direct Arrangements with Creditors
• Consolidation loan