According to the recent LifeCare Survey conducted in 2007, at least 31% of all US employees have serious credit/debt-related problems. This growing statistic requires that a best-of-breed legal plan must have a full suite of financial counseling, debt management, and credit capabilities if is is going to be effective as a tool for recruiting and retaining employees.

Financial problems are related to legal problems and cause substantial employee stress and emotional upset, but need different tools . . . . 43% of employees are living paycheck-to-paycheck and have too much debt.²

• When asked, employees stated they needed significant help in handling their financial problems, debts, credit and figuring out how to plan for college savings.
• However, they believed that the legal plan could provide these solutions from Plan Attorneys. 1.
• The problem is that more than 90% of all employees do not need a lawyer, but they need empathetic, informative solutions to their debt, credit and planning issues – real solutions that took some time, but over time with discipline could get them out of debt and on their way to serious savings and financial planning.
• Employees voiced a real concern over “get out of debt free” schemes they saw advertised on television and radio and wanted serious information from trained counselors to give them solutions and a way out of their problems.
• Employees overwhelmingly say they not have enough information or cannot access enough information to select the right trained advisor to help them with any kind of debt problem.¹

Every legal plan covers bankruptcy – but there are six (6) in-between stages of Financial Credit/Debt and Planning Needs that are not covered without special benefits. A Legal plan must have at least six (6) different Financial Debt/Credit Solutions to be most effective in providing employees relief from serious emotional upset and distress. The six are:

• Budgeting Assessment
• Payment Assistance – For Those Not in Serious Debt
• Debt Negotiation
• Debt Management
• Debt Consolidation
• Actual Financial Planning and Retirement Planning

Only Legal Access legal plans, such as LegalEASE, provide facilities for all six (6) Financial Help Stages.

1 Legal Access Internal Studies, “Overwhelming Financial Services Needs,” 2005.
2 Federal Reserve Study, 2006.

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