How To Find Help When Your Finances Are Low
In tough economic times with The Great Recession, many families are finding it difficult to stay afloat financially. With frequent layoffs and pay cuts, it can be difficult to have hope when your finances are low and debt begins to increase. Fortunately, there are several ways to find help for financial advice and regain momentum for a new perspective on the future.
Consult with a Bankruptcy Attorney
For many people, debt can feel overwhelming with no end in sight. Between credit card debt, student loans, and mortgages, it can seem unrealistic to continue to have financial independence and see an end in sight. By contacting a bankruptcy attorney in Utah, your situation can be evaluated by a professional who will be able to offer advice and provide resources to ensure that the best options are available. The attorney will also be able to explain the different types of bankruptcy and which one you should file for.
Hire to a Divorce Attorney
Filing for divorce can lead to confusion with finances and make it difficult to survive by acquiring a spouse’s debt and losing assets in the process. By hiring a divorce attorney in Utah, you’ll have the advantage when determining spousal support and getting a fair settlement with investments, capital gains, and taxes after becoming legally divorced. A divorce attorney will be able to protect your rights and the outcome is fair.
Talk to a Financial Adviser
By sitting down with a financial adviser, your situation can be evaluated with professional advice and tips provided for everything from investment opportunities to life insurance policies. The adviser will be able to assess every detail of your past financial decisions and can provide valuable insight on the best options available for your future. Some financial advisers are even free, often making commission by selling life insurance or mutual funds, making it a viable resource for those who cannot afford the services otherwise.
Find Financial Assistance
Government benefits and financial aid is available for different types of people in the U.S., between student loans to mortgage assistance programs. Financial assistance is often dependent on the income with options available that include renter’s assistance, small business loans, school lunch and breakfast assistance, Medicare and even legal assistance. By researching what you qualify for, more opportunities can be available to progress financially and get the help you need for a period of time to become stable long-term.
Image Credit: Andrew Magill