Forbearance or Bankruptcy are Not the Only Options
Many recent college graduates may be facing a serious financial wellness issue in the coming weeks. The grace period provided by many college loan programs is ending, and a person must face the reality of making payments. This can cause an enormous amount of anxiety and lead to some very poor decisions if an individual does not get the right advice.
Counselors Outline the Options
The enormity of the debt is something most young people never encountered before. The debt can be as large as a house mortgage, and the figures can be bewildering. There are various options, such as forbearance, but these might not be the best alternatives. Countrywide Pre-Paid Legal Services does not want to see anybody caught in a financial mess. We have a financial wellness program to help.
The challenge can is easily resolved by knowing more about personal money. College graduates don’t always understand budgets and consequently come up short at the wrong time of the month. Countrywide has certified counselors whose first active service is to help newcomers to the working world prepare a budget. The professionals will look at income expenses and determine if any reallocation of funds can be accomplished.
Assistance of Good Advice
The counselor can point out ways to reduce credit card payments, such as paying the minimum on certain cards, and other means of squeezing a few more dollars out of a budget. These additional funds can go towards paying the college debt. Loans can be negotiated, depending on the creditor. It does take presenting a sound plan for payments at a different rate, however. This is where Countrywide provides a substantial advantage. Our counselors will help plan members develop their arguments and their proposal for lending institutions. It can result in some changes made to the way someone pays the bills.
Forbearance and bankruptcy are both examples of financial quicksand that a young employee can stumble into without thinking. Countrywide provides the kind of guidance that allows these young people to avoid such traps. Nevertheless, there are situations where a person’s finances are way out of control. Countrywide has a debt management plan to help these people better organize their money affairs and respond to payments efficiently. We want to point out that we do not lecture or preach sermons to anyone. Our mission is to help somebody get out of a jam and we will treat a plan member as an adult.
Helping Employers Provide Great Benefits
Sensible employers know the importance of helping these young employees. Indeed decision-makers understand that refusing to help can mean the employee will leave shortly. Countrywide has over 30 years of experience in providing group legal plans in addition to financial wellness. We know that any benefits program offered to employees must provide service to as many as possible. To make sure this happens, we encourage clients to decide what financial wellness options will be a part of their plan. Decision-makers may choose from various possibilities such as help with medical bills or how to buy a house.
Countrywide will administer the program, and we emphasize high-quality in the personal touch. Our counselors know that Countrywide financial wellness plan members receive quick attention. It is also understood that plan members get courtesy and respect. No question is a stupid inquiry.
The size of a college debt can be frightening but there is no need to panic if there is a Countrywide financial wellness plan. We take the terror out of the bills and help a recent graduate deal with this responsibility. Perhaps the best thing we do is help a person avoid making a drastic decision. We provide sound advice that has been proven accurate over time and our counselors deal with individual financial difficulties all the time.
We ask that decision-makers investigate what Countrywide provides. We are more than willing to answer any questions and explain in detail all our benefits. Please do feel free to get in touch with us and find out more about Countrywide.