As more and more consumers are pausing to examine their household’s financial status, many are deciding to seek the advice of a financial counsellor to help them understand what options and solutions may exist for them.
Unfortunately, for some people, this effort is leading to actions that will hurt, rather than help, their financial future.
When considering financial advice, many individuals don’t know where to turn and who to ask for assistance. The term “trustee in bankruptcy” is often misunderstood as someone who can only suggest bankruptcy as an option. As a result of this fear, many seek the advice of a credit/debt counsellor who is so narrowly focused that consumers find themselves stuffed into the same mould as every other person. The benefit of meeting with a trustee is that they can offer many financial options. A trustee will provide you with solutions that exactly fit your individual needs.
A recent news release from the CAIRP Chair, Alan Spergel, reaffirms the benefits of meeting a trustee versus just a debt counsellor.
Link to article News Release June 2009 – financial healers