Reputable credit counseling companies can be very helpful. As long as you commit to a debt management plan, they offer great support and are able to teach numerous money management skills. Including, how to establish and follow a budget. They also offer many insights on how to avoid certain debt pitfalls in the future.
Credit counseling is one option that debtors should seek to avoid bankruptcy. Fifty percent of people who engage credit counseling services successfully complete their plans, the other half, drop out or file for bankruptcy.