Home » Finance » Personal Finance

How To Find A Debt Free Solution

Apr 8, 2008
It is a fact that there is always a way to get out of debts. If you can organize your money and know how to and when to pay, you can achieve financial freedom. There is a vast pool of resources at your disposal with tools to help you become financially free.

At this stage, I want to emphasize that usually, there are many different ways to solve a problem and debts are no different. So, keep in mind that this article will deal with two of the many solutions available out there. I suggest you also find professional help to ensure that you are taking the right action.

Are you ready to start reducing your debts right here, right now?

The first thing to do is to sit down and work out what you owe and to whom. So, you list all your creditors and the amounts that you owe to each one. Then you must work out a plan to start paying it back.

If your figures tell you that you can pay the debt back, then contact the creditors and let them know that you are willing to getback on track. Ask your creditors for an extension date to pay your debts, if possible. And then stick to your plan!

If you realize that it would be impossible for you to ever reduce your debts, then you best option will be to do some different to what you are already doing. Make sure you know exactly how much you owe and to whom. It may not be something you want to do, but you need to read all your bills. Take command of the situation and take the challenge of becoming financially independent.

There are some credit counseling agencies and debt consolidators that can actually help get people out of debt. But be warned, there are also others who will try to get money (that you don't have) without providing much help.

Both help providers can help you with your debt problems but, the way they work varies. If you wish to not only pay off your debts but also remain that way, then you need a credit counselor. That is, a credit counselor can show you how you got into debt and where you went wrong, but also show you the different ways to come out of debt most suitable for you. Then, after you have your debts under control they can teach you how you can stay financially independent.

Debt consolidation companies operate in a different way to that of credit counselors. Their aim is to provide you with solutions to help you pay off your debts. The way they do this is by working on your behalf to secure a loan that will pay off all of your other debts and then your liability is for that larger loan only.

Many people would prefer to use the services of a credit counseling service because of the type of service they provide. Mainly because they need someone to help them stay away from the mindset that got them into debt to begin with.

In conclusion, it is important to note that there are many types of solutions that suit your particular financial needs. So, strive for becoming better informed on debt management and you will be on your road to financial independence.
About the Author
Get Credit Score Online For Free or learn more about important debt administration information and how to become financially free by visiting my blog Credit Repair & Debt Management
Rating:
Please Rate:
(Average: Not rated)
Views: 228
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources