People in Wayne County, Michigan, who are considering bankruptcy may have heard that consumers are required to undergo credit counseling before filing. To some people, this sounds like it could be an unpleasant browbeating and finger-pointing session where a credit counselor spends an awkwardly lengthy amount of time berating consumers for being in financial distress. However, this does not have to be the case. This brief blog post will serve to dispel a few misconceptions that could exist regarding the credit counseling process.
Credit counseling for consumer bankruptcy purposes should not be an overly time-consuming commitment. Typically, such counseling sessions will last no more than 90 minutes. Often they do not last much longer than an hour. Although credit counseling services usually charge a fee for their services -- usually around $50 -- financially strapped consumers may not have to pay under certain circumstances. Counseling organizations are required to provide this service free of charge to those who cannot pay. Be sure to ask for a fee waiver from the organization before the session begins if this is the case.