Debt Problems



1. It is possible to fix some debt problems by accessing a personal credit report.

True
Credit problems may not be the fault of the individual. It is possible that the credit bureaus have recorded a mistake on a personal credit report. By getting a free copy of a report and fixing any problems, a personal rating can begin to instantly improve. Sometimes, having the same name as another person can cause serious mistakes with a report because of a simple clerical error. Transposing phone numbers or social security numbers can also be to blame for these errors that can damage the financial record of an individual if the matter is not resolved.


2. Education is key to fixing credit problems.

True
Education is crucial to getting to the bottom and fixing debt problems. Counselors are a great educational resource for times when financial errors become an issue. It is possible to learn all aspects of personal money management and obtain the tools needed to manage finances and fix errors in the future. The Internet can also be a good place to find financial resources that can help in this situation.


3. Consultation for debt problems is costly.

False
Credit consultation is usually a free service that companies offer to help individuals resolve credit problems. Trained analysts can assist with no obligation or risk. Consultation can even be found online. This makes counseling very quick, easy, and affordable for anyone interested. An individual can seek help without the need to leave the privacy of the home or office.


4. Bankruptcy is the first option for debt problems.

False
Credit problems can usually be fixed without having to file for bankruptcy. Most people will attempt to repair issues before filing to avoid bankruptcy going on their financial history or report. Debt management and consolidation are popular options for those in poor financial situations.


5. Financial troubles are not something we can bring to God.

False
Philippians 4:6 - Be careful for nothing; but in every thing by prayer and supplication with thanksgiving let your requests be made known unto God.


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