No. of Recommendations: 4
First, please accept my apologies if I came across harshly. Many posters do come here without the knowledge that their debt situation is their own creation, and that's the first thing to realize. Sounds like you're past that - which is great! First step towards solving any problem is to admit that it exists, as I'm sure you well know.

Anyway, the point I was trying to get across is that any of the counseling services are _not_ the solution. Just the fact that you were thinking of them as debt "reduction" services seemed like a bit of a red flag. All they can do is push the problem farther off into the future -- stealing from your future self to pay for the mistakes of your past self.

You've identified the real problem as LAYM, and that isn't something that a credit counseling service can fix. They can't prevent you from spending more than you have. Going back to Tamarian's saga linked above, it sounds like you've gotten through step 1 of understanding that a problem exists. Step 2 is to set a budget that you can stick with. Have you done that - lay out your income and expenses so that you can see all the numbers? If you want help doing that, just post it all right here to the board and you'll get plenty of suggestions.

Hope that helps,
- Erik
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement