Debt counseling

Okay kiddo, let me explain what debt counseling is.

Sometimes grown-ups get into a lot of debt - this means they owe a lot of money to different people or companies. It can be really overwhelming and scary.

That's where debt counseling comes in. Debt counselors are people who are experts in helping grown-ups figure out how to manage their debt and make a plan to pay it off. They are like helpers who teach and guide grown-ups when they are feeling lost and worried.

When someone goes to a debt counselor, they will look at all of their bills and loans and help them understand how much they owe and to whom. Then, they will work together to make a plan to pay it off - kind of like making a big puzzle, but with money.

They might help the grown-up reorganize their budget and find ways to save money, or they might negotiate with creditors to lower interest rates or monthly payments.

The most important thing to remember, though, is that debt counseling is not a quick fix - it takes time and effort to pay off debt, but with a counselor's guidance, it can be done!