Our economy according to well known analysts around the world has labeled this time in our history as akin to the great depression.
Businesses are closing, companies are "right sizing" and thousands of jobs have been lost.
These have resulted in families becoming poverty stricken, losing their homes and sometimes even failing to have the resources for a decent meal.
For the average credit or debt counselor a day's work is already tough enough as it is but with the present circumstances it would seem to be near impossible.
Fortunately the administration headed by President Obama is actively trying to help the average American in his or her personal debt challenges.
This does not mean however that the government will be giving money out indiscriminately.
The aim is to equip citizens like you and me to be able to handle our financial responsibilities through government programs and initiatives.
This however is a boost for credit counselors because it gives them a way in which their clients can save money and more effectively pay off their outstanding debts.
The government through the debt relief grants and projects has been able to make modifications to our taxes and has incorporated tax credits.
Tax credits range from child related to higher education tax exemptions.
These credits will help you save hundreds of dollars.
Savings that can go a long way when we are paying for outstanding credit card debts.
Be warned not all debt relief companies are able to counsel you and manage your debts in a way that you want.
Be sure they have credible counselors and are transparent when it comes to fees they will charge you.
You can research if the company is up to par with government standards.
There is a lot of information available online on how to find and choose the best credit counselor for your needs.
Be sure to do your homework first before jumping into a commitment that you are unsure of.
Remember when it comes to money and your financial futures the more information you have the better off you are.