Credit Counseling

Credit counseling tips from Captain Credit!

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Credit Counseling

If your credit is starting to spin out of control, take some advice from Captain Credit and get some credit counseling!

Susan's Story

One day Susan Wallwalker was paying bills. After she paid her rent, her utilities, her student loan payment, her car insurance payment, and all of her credit card minimums, she only had $20 left for the week, and she still had to buy groceries and gas!! She still had lots of room on her MasterCard, so if things got too bad, she could just put groceries and gas on that, but that monthly minimum was getting really high. She was scared and didn't know what to do. "I'm scared! I don't know what to do!" she cried. Just then, a loud clap of thunder sounded and with a flash, Captain Credit appeared.

"Don't worry, Susan! All you need is a little credit counseling!" he proclaimed. "Come with me."

"But who are you? And where are we going?" Susan cried.

"I'm Captain Credit, and we're going to a credit counseling company to get you some credit counseling," he said. With that, he picked her up and flew her to a nearby credit counseling company. He dropped her off and promised to return later to pick her up since she didn't have her car with her.

How Credit Counseling Helped Susan

When Susan spoke with a credit counselor, he listened to her explain her situation. Then he outlined a budget for her based on her income and expenses. He was a little concerned about how much money she had left at the end of each pay period, so he suggested that she enroll in a credit consolidation program. He explained that through this process, he would call her creditors and get her balances reduced and her interest rates lowered. Then he would combine all of her new, lower balances into one, and she'd make one payment that she could afford to the credit counseling company each month. They would distribute the payment among her creditors. She was skeptical, but when she saw it all on paper, she had a lot more than $20 left after she paid bills each pay period. And the best part was that she could be completely free from her credit card debt in about five years!

"I owe it all to Captain Credit!" she said out loud, to nobody in particular. Then she realized her credit counselor was standing there. "And my credit counselor, of course!" she said with a smile.

Just then, a loud clap of thunder sounded and with a flash, Captain Credit appeared in the back seat of a car, wearing a suit and smoking a cigar with his most recent contact form the credit counseling agency.

"Did someone call me?" he asked. For some reason, he had leaves and twigs in his cape. "Rough landing," he explained.

"It was me!" Susan exclaimed. "Can you take me home now?"

"That all depends. Did you get some valuable credit counseling?" he asked.

"Why, yes! Yes I did! And I even enrolled in a credit consolidation program. I'm going to be debt free in five years! And I owe it all to you, Captain Credit!" With that she kissed him on the cheek.

"No time for that, Susan. I must get you home. There are other consumers who need my help." With that, he picked her up and flew her home.

During her credit consolidation program, Susan continued with her credit counseling classes until she was confident enough to make it on her own. She learned how to use credit wisely, how to budget and how to save. Susan eventually bought a house, and was never a victim of unsecured debt again. Yea consumer credit counseling!

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