Centuries ago, William Shakespeare gave some debt management counseling: “Neither a borrower nor a lender be." Unfortunately, not many people have heeded this great writer's debt management counseling. In fact, there are currently 1.3 billion credit cards in circulation in the United States and the outstanding debt on those cards is $785 billion. Contact us now if you need debt management counseling.

These astonishing figures leave many consumers wondering how we got into this mess and why we don't seek debt management counseling. While credit cards are a relatively recent phenomenon, the history of debt goes back thousands of years—as long as there has been money. Way back then, not repaying a debt could have serious consequences including death, disfigurement, imprisonment or indentured servitude. Even in America and Europe, debtors could be imprisoned for nonpayment well into the 19th century.

Today, when you fall behind on your unsecured credit obligations, there are many ways a creditor can try to collect. Each state sets its own laws as to what, and how, a creditor can collect on a judgment. Seeking debt management counseling can set you in the right direction. Some states permit a creditor to garnish a debtors wages, others don't. Some states exempt just about all assets a debtor has from seizure by a creditor to satisfy the payment of a debt. Other states can force you to sell some of your assets to satisfy a judgment. This can all be very confusing without the help of debt management counseling. Contact CCCS of Southwestern Virginia now for debt management counseling.