Debt

Credit card debt has reached 1.4 trillion dollars, driving nearly 2 million consumers to file bankruptcy each year and creating a vicious cycle of credit card debt.

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The different ways of dealing with excessive consumer debt will be crucial in counseling the financially stressed. A financial counselor can offer objective, non-judgmental guidance.

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Clients will want to resolve their debt issues through some kind of workout, which includes paying back their creditors all or at least an agreed-upon portion of the debt.

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