San Diego, CA. "One of the most difficult obstacles credit and debt counselors face when dealing with their clients is that consumers aren't always honest with themselves about their own financial situation. Too often, counselors talk with people who are way over their head in debt, yet they genuinely feel that their credit practices are just fine, " said Paul Richard, RFC - Executive Director of the nonprofit ICFE, based in San Diego, CA. The ICFE is dedicated to helping consumers become better spenders, regular savers, wise users of credit and thereby creating new investors in America.
"If you have a credit problem, the first and most important step is to admit to yourself that you need help. This is also probably the most difficult hurdle to clear for most people because they feel that to do so would be an admission of financial failure. The “real” failure, however, is in not getting help and, instead, digging yourself deeper and deeper into debt.," the ICFE says.
Whether you think you're having a problem or not, take a quick minute to reflect on your current financial state by reviewing the following “financial danger signs.” If any of them feel close to home, you may want to consider contacting an accredited, nonprofit, credit counselor for an appointment.
Financial Danger Signs:
If you're experiencing two or more of these financial danger signs, it is essential that you do something to turn your credit practices around quickly. Otherwise you may be facing collection or legal actions by your creditors.
People whose finances
are in a downturn, often discover they are paying too much for things
because they fail to comparison shop. That, like borrowing to meet
regular expenses, is another form of
overspending. Overall, the best way to increase your personal cash
flow is to be conscious of how much money you spend and why. Comparison shopping the consumer's best, but least used defense against overspending.
For information about how to set up and implement a spending-plan (with a one page work sheet) for personal and/or family finances, please visit the ICFE's Web page at: http://www.icfe.info. The site also includes helpful sections on mending spending, increasing savings, using credit wisely, plus tips on spending for household and grocery items.
To receive the same information
by mail, please send $1 and a self-addressed, 60 cent stamped envelope
to: ICFE Money Helps
PO Box 34070
San Diego, CA 92163.