subject: Solutions For Debt Relief - Finding The Right Debt Relief Solution [print this page] Solutions For Debt Relief - Finding The Right Debt Relief Solution
Debt happens. It's a part of modern life, like death, taxes and email spam. Being in debt does not mean you are a bad, stupid or inferior person. You're just like the rest of the 44% of Americans reported to be in debt by the Federal Reserve Board. But you can do something about your debt you can find the debt relief solution for you.
I Looked Under The Couch And Couldn't Find It
Your debt relief solution will not be a miracle one time only cure. Getting into debt is kin of like smoking except you are in a spending habit rather than a nicotine habit. You need to make some changes in your lifestyle. These changes will seem time consuming and awkward at first, but over time and with practice, they become an instinctive part of your life and are really no hassle at all in the long run.
You need, basically, to find out:
How much money you make.
How much money you spend.
Only spend less than you make.
This is of course, easier said than done. It can be hard to find out just where all the money goes. Even if you've lost all of your receipts and are mathematically inept, you can still work on your debt relief solution. For one pay period (one or two weeks, depending on your job), write down everything that you spend. Every cent. Add it all up when you get your pay stub. Compare the two. How much of a difference is there? Go back over the list of what you spend in a week and see what you can live without and where you can economize. Have everyone in your household stick to the plan. It'll be hard at first, but you can do it with practice. This will give you the skills to help you for the rest of your life.
Call The Professionals
There are many financial companies that want to help you find a debt relief solution. These are legitimate companies that serve as bankers, negotiators, accountants and a money coach. Do comparison shopping of which debt relief solution service offers the most services for the least amount of money. If you owe less than $3,000, you don't really need a professional service. You can call your creditors and ask them if they will lower their interest rates or work some other kind of payment. Many debt relief solution companies offer free consultations, (kind of like a home repair estimate), so that might be all you need.
But these services are there to help you when you need them. Contact your credit card company or anyone else you owe a lot of money to and see if they can recommend a debt relief solution service for you.
