Personal finances are a touchy subject. Everyone wants to feel responsible and money-sensible, but things happen. There can be sudden emergencies, such as medical bills, that mess up the best-laid plans.
Some find budgeting a challenge. They get used to living from paycheck to paycheck and rarely save any money. The kind of confusion that will harm financial wellness becomes a part of life. That should not happen, but it does. The mess only gets worse, but we can help end the cycle. Countrywide Pre-Paid Legal Services has a benefits program to improve employees’ financial wellness.
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We want to stress that not every money issue is an emergency. Typical troubles include running out of money and using credit cards to buy groceries. Taking care of little things will stop big problems from happening.
Countrywide has a nationwide network of certified counselors ready to help. There is one in every community where there is a Countrywide client. It is simple to arrange a meeting with the counselor, and all of them practice social distancing.
Countrywide counselors will perform a budget analysis for a financial wellness plan member. The study looks at cash flow and where there may be some difficulties. The counselor will make suggestions to allow a plan member to be a more sensible spender. Ways to save money are also part of the discussion.
Financial Wellness Protected
Large expenses such as college loans cause people to make bad choices. Our counselors are experienced money veterans. They will show a plan member how to manage the debt and even negotiate debt forgiveness or reasonable payment schedules.
Bankruptcy and foreclosures are significant emergencies. Countrywide can help people with bankruptcy issues. We offer the financial education anyone filing for bankruptcy must have. Our Debt Management Plan gives counseling additional member services to those trapped in a debt trap.
Planning for the Future
Many employees look forward to making a big purchase, such as buying a house. They may need money upfront, especially for mortgage down payments. Our counselors will do an asset inventory to discover what an employee can cash in or sell to get the required amount of money.
We have a self-study program, “Make Your Move,” that can help a first-time house buyer better understand all the ins and outs of the real estate market. It allows that individual to be better prepared for making the big step into homeownership.
Employers Assist in Plan Design
Countrywide wants its benefits programs to be available for all employees of a client organization. The decision-makers have a better idea of what those workers need when it comes to financial wellness benefits. We enlist their help in developing the program.
We will explain all our benefit options to the client and then step back and permit the employer to decide what benefits will be part of the financial wellness plan. Those selections are part of the final plan document. Countrywide has a streamlined administration to get services to the plan members quickly. We also have some of the best member services in the industry.
The reason for excellent member services is the empathy we seek in anyone who wants to be a Countrywide counselor. Finances are sensitive issues, and we expect our counselors to approach plan members carefully and with a great deal of empathy. Listening skills matter to us and we insist on that from the counselors. Our attention to such details is the primary reason why clients are so impressed with our ability to help employees.
If you have any questions about Countrywide’s benefits, please feel free to contact us at your convenience. Financial matters are important to employees and we have services that will help each one of them. We look forward to talking to you and explaining what we can do for your staff.