Definition
Programs that help people who are having difficulty paying their monthly bills gain control of their finances. The process generally involves analysis of the individual's income, expenses, debts, taxes and other factors to create a personal financial assessment; development of a budget for basic living expenses; and agreement on a short-term plan for repayment of creditors which may include debt consolidation or other strategies and a longer term plan for realizing personal financial goals.
URL Name
DM-6500
Third Level Code
DM-6500
Taxonomy Code
DM-6500
Parent Code
DM
Family Code
D
Second Level Code
DM
Use References
Bill Interpretation, Bill Payment Counseling, Budget Counseling, Credit Card Debt Counseling, Credit Debt Counseling, Creditor Repayment Counseling, Debt Consolidation Counseling, Debt Repayment Counseling, Household Budget Management, Money Management Counseling, Personal Budget Counseling, Personal Budgeting Advice, Personal Budgeting Assistance, Personal Finances/Budget Counseling, Personal Finances Counseling, Personal Financial Advice, Personal Financial Management Counseling, Financial Coaching
Publication Status
Online