Because of the likelihood that a person will at some point in their life experience the detriment of financial troubles, financial advisement firms exist to help curb the number of people who go too deep into debt to return unscathed. Firms like Rainy Day Consulting receive payments on a sliding scale, which means that if a person’s financial situation does not allow them to pay much, the company will not take anything more than necessary. The company exists for the good of the people it serves, instead of for purely moneymaking purposes.

However, a consulting firm cannot fix a person’s life for them. The person must still be willing to make the necessary changes to their lifestyle, budget or job to be able to sustain whatever plan they agree to. Rainy Day Consulting has a lot of advice when it comes to budgeting, saving, and contingency plans, but if a person is unable to find work or makes choices that hurt their budget, they may be beyond help. Similarly, if a person is so deep in debt that there is no way out without major changes, other things may have to happen.

There are many beliefs about bankruptcy, but if you are to believe anything about it, believe this: bankruptcy was made to help people stabilize their finances when they get out of control. While bankruptcy will decrease a person’s credit score, it is not worse than multiple charge-offs, a foreclosure or repossessions. Actually, in these cases filing for bankruptcy can help a person reestablish a good credit score fast than not.

Bankruptcy is rarely the best option, and even many law offices that specialize in bankruptcy will suggest non-bankruptcy options if they believe they are superior for the client. However, it is important to note that the negative stigma surrounding bankruptcy is worse than the actual filing. It is always important to consider every option, and it is for this reason that firms like Rainy Day Consulting exist. People are not always able to make clear-headed decisions, and consulting firms want to help. Rainy Day Consulting can be reached by calling their offices at 817-360-8642.

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