Get Thee to a Credit Union

If you are in debt and worried that bankruptcy is just around the corner, consider enlisting the help of your local credit union. Credit unions are there for just this reason…they help their members get out of debt and back on track financially. So before you take that big step of filing for bankruptcy, talk to a credit union and see what they can do for you.

You will be assigned a financial manager and this person will be the one that gives you financial advice. They will make sure that all your bills are paid through the credit union and a savings account will be set up for any extras that you need.

Depending on how large your debt is, your financial manager might give you a debit card that has a limit on it. You can use this card anywhere, but when you reach a certain amount, you won’t be allowed to purchase anything else. This will keep you from overspending the money you should be saving.

All of your bills will be paid by the credit union…meaning you just have to make the money and your financial manager will be the one that gets it to the different creditors.

To locate a credit union in your area, check out your phone book or do a search online. You can also ask for recommendations from friends and family to see if they know of a good credit union for you to join.

Bankruptcy isn’t the end of the world, but it’s also something you shouldn’t take lightly. Do whatever you can to try and improve your financial situation before you decide to file for bankruptcy, including joining a credit union. It’s worth a try and it just might turn things around for you financially!

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