If you decide a debt management plan is right for you, your credit counselor can help you enroll.He or she will work with your creditors to negotiate interest rates and to come up with a payment schedule, which you will review and approve before beginning the plan.

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Financial advice shouldn’t end with the handover of an SOA.

Go through your advice and ask your adviser any additional questions you have.

They need to understand your current situation and your goals, so they can provide you with tailored advice.

They may want to know about: Your adviser will summarise their recommendations based on their analysis of the information you’ve provided them.

They’ll give you a document called a statement of advice (SOA).

The advice they give is just that—recommendations, and you need to decide if you want to go through with them.

Search by location or expertise, view profiles, create your own shortlist and select the adviser who’s right for you.

We think an adviser is like a personal coach for your money.

They can help manage debt as well as develop a practical budget.