Credit Counseling for Bankruptcy Filers

Credit Counseling is one of the two required courses under the new Bankruptcy laws. Credit Counseling must be completed prior to a case being filed. Failure to timely complete the two required courses will result in an individual not receiving their discharge. Discharge is the court order issued at the end of a bankruptcy case that gives people a fresh start. Needless to say that given the consequence of not complying with the new bankruptcy laws and timely completing the required courses would be devastating to your situation. Also, for time sensitive filing such as the day before foreclosure or after repossessions, Credit Counseling could stand to be a potentially fatal obstacle. For this reason, the Credit Counseling and Debtor's Education courses should be given the highest priority. In an effort to make Credit Counseling highly accessible there are a myriad of mediums to take the course through. Taking the Credit Counseling class in person offers several advantages over the other modes of taking the class. First, face to face meetings with an individual generally results in trusting and understanding relationship with your counselor. Additionally it offers the opportunity to bring in documents to the counselor and personally discuss them. One major concern to note is that in person consultations to do not enjoy the luxury of allowing you to stop and start at your own leisure as the internet class allows for. Many people do not choose to meet counselors in person due the travel, scheduling, and lengthy nature that this method entails. Credit Counseling may also be conducted over the phone. For these classes, it is important to remember to set aside some private time for you to go through the procedure. Baby sitting or being on the job is not conducive to a fruitful Credit Counseling session. However, taking the class over the phone is still far more convenient than scheduling time and physically meeting with a counselor. Phone consultations still offer the personal attention that internet counseling lacks. With that being said the difficulty with stopping and resuming mid session becomes nearly impossible. Often when you attempt to reestablish contact your previous counselor will be unavailable and you will find yourself retreading the same ground with someone new and unfamiliar with your situation.Taking your Credit Counseling course via the internet is an extremely convenient method for most people. Internet counseling offers the luxury of true start-and-stop progression. This allows for people to progress when their schedule permits and to stop with have other obligations to tend to. Like phone counseling, this method offers individuals to take the course from the comfort of their own home. While some people do not have access to the internet at home it could still be easier for them to take the course at a nearby public library. The lack of personal interaction is a factor to be considered. People weigh in on both sides of the anonymity factor. For some it is a disadvantage to not have a person familiar with helping people in similar situations at their disposal. Others find comfort in the anonymous nature of this method. This usually stems from people's fear of dealing with the stigma of financial mismanagement. There is absolutely nothing for you to be ashamed of now. The only people that should feel the sting of the stigma are those who refuse to take responsiblity for their financial situation and continue to subject themselves and their loved ones to such a burdensome lifestyle. Taking responsibility for your actions is something to be proud of and should be applauded.

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