Expert Bankruptcy & Debt Relief Insights

You are not alone if you feel like artificial intelligence has made its presence felt in every aspect of your life. AI features in software guess what you meant to say instead when you mistype a word; often, they guess correctly, and sometimes they even autocorrect your error, which is especially annoying if yours is an uncommon spelling of a common name; imagine Michele Smyth’s frustration when autocorrect constantly gaslights her about whether she knows her own name. When you turn on your car, your smartphone guesses where you are going and tells you how long it will take to get there in current traffic conditions, and usually it is right.

All of this has been going on since before the chatbots answered all your questions with a confident-sounding mono-answer, without the messiness of a conventional search engine search. It is no wonder that, when they are lonely and stressed, people often follow the advice of chatbots unquestioningly, even though the chatbots don’t know what they are talking about. Chatbots can even offer advice about personal finance, but you should use your judgment about following it. To ask thoughtful questions about your financial problems and get thoughtful answers from a human being, contact an Oakland lawsuits, collections, and creditor harassment lawyer.

AI Personal Finance Tools Can Be Helpful if You Use Them Wisely

People ask search engines the questions they are embarrassed to ask real people, and sometimes they find consolation in scrolling through an array of results that may or may not provide a clear, direct solution to their problem. Now that we have chatbots like ChatGPT, they run the search results through their algorithms and give you a single answer. It is not a good idea to ask Chat GPT how to get out of debt and take it at its word; it does not have enough context.

You can also ask Chat GPT to prepare a budget, or even several versions of a budget. You can keep modifying your question until you get a multi-faceted view of your finances. For example, you can ask it to draft a six-month budget that addresses your debts using the snowball method and another that addresses them using the avalanche method.  In other words, the chatbot can be a brainstorming partner.

The Limits of Depending on AI for Personal Finance Decisions

Chatbots can synthesize data into something readable, but they cannot know how your decisions will feel. Emotion and intuition play a bigger role in debt and debt relief than we realize. Before you borrow a debt consolidation loan, move in with your parents, and talk over the decision with a human professional.

Contact the Law Office of Melanie Tavare About the Human Side of Getting Out of Debt

A debt relief lawyer can help you if a chatbot made it sound like it would be easy to get out of debt, but you are more stressed out than ever after following its advice. Contact the Law Office of Melanie Tavare in Oakland, California, or call (510)255-4646 for a case evaluation.