subject: Have You Considered Debt Consolidation? [print this page] In the wake of the recent economic downturn, debt and bankruptcy are facing millions of Americans. Being in debt isn't just a financial issue; it leads to many other personal and family problems. Debt can lead to stress disorders, depression, divorce and quite simply turn your life upside down. But it's okay. If you're facing debt, you're not alone, and there are people out there who will help you.
You may have heard of debt consolidation, debt relief, or credit counseling, but you may never have really understood what they can do for you. Most good debt relief agencies are not-for-profit, and what they do is simple. They pay off all your debt, and then they set up a payment plan with you to pay it off over time. This 'loan' if you will has a very low interest rate, and you work with the counselor to create a monthly payment that you can afford.
This does a variety of good things for you. The first thing is, you'll stop feeling so stressed, overwhelmed and helpless. The affordable monthly payments will make you feel like you're in control again, and it will relieve you of quite a lot of guilt. Second, because the agency has paid off your debt, all those banks and creditors that had been harassing you for what you owe will be off your back. You'll feel free again, and you'll be back on track.
If you're one of the millions of people or families in debt, I urge you to contact a debt relief company. It might just save your life.
