Financial advisors can offer a variety of services, including help with debt. They can offer advice beyond what you may get from a credit counselor or debt management company. If you’ve tried to make a dent in your debt but haven’t made much progress, seeking out a financial advisor could be worth your time and money.
How do I choose a debt management company?
The most legitimate and worthwhile debt management plans are typically offered by debt management companies classed as nonprofit consumer credit counseling agencies. The best of these provide financial education and counseling services from certified counselors. Here’s what to look for when choosing a debt management company. Accreditation.
Should I use a credit counselor or financial advisor for debt help?
Whether you should use a credit counselor or financial advisor for debt help depends on your needs and budget. If you’re comfortable paying a fee for professional debt advice and you also want help with more than just tackling student loans or credit cards, a financial advisor could be the better choice.
