Losing your job can significantly affect your income. In order to avoid debt or the growth of existing debt obligations, you should think as soon as possible how to cope with your obligations.
Contacting a debt counselor should be contacted when you have one of the following problems.
- you do not know how to live on your current income;
- you are afraid that you may have problems with repaying loans;
- you have taken an SMS loan, other short-term loans or used a credit card, and you cannot repay the loans taken;
- you have difficulty repaying your home loan;
- you received a subpoena due to default on your loan, or your accounts are seized;
- you have difficulty paying rent and utility bills;
- you have other problems related to debt obligations.
A debt adviser will help you review your existing obligations and give advice in which direction to proceed. The specialist can help you set up a payment schedule, tell you about your rights and obligations, so that you have no new debts in the future. If necessary, the consultant will also help you prepare documents in court and refer you to other specialists.
Before you get debt counseling, find out how much and to whom you owe. Take with you all documents related to debts (e.g., loan agreements, notifications of debts, letters from collection companies, etc.), and also, if possible, the envelopes in which these documents were sent to you.
Registered unemployed and job seekers with a notice of reduction may contact a debt counselor. If you want to go for a consultation on debt obligations, then tell your consultant who will provide you with the information about the service and, if necessary, refer you to it.
Registered unemployed who take part in the debt counseling service get travel and accommodation allowance.