The day you wake up and realize you are in financial trouble can be one of the worst days of your life. The irony is it doesn’t have to be. When faced with money troubles, it’s the fear of the unknown that leads to stress, insomnia, depression, and feeling lost and confused. Rather than suffer in silence, educate yourself about dealing with debt and you will find yourself in more control of your debt. Once you are making choices and decisions based on facts and reality, rather than fear and assumptions, your life will get better, fast.
There are many underlying issues why your moment of debt relief awakening doesn’t come early enough. Many of us are optimistic about the future, psychological tendencies put more weight on today than the future, and sometimes debt is just caused by unexpected situations. The reality is the debt is the byproduct of other issues.
Why you got in debt is important and worthy of introspection to avoid it happening again in the future but if you need debt relief help today then let’s deal with that first.
Without a doubt, the biggest mistake people make when the debt fear train hits them is leaping at the first magical solution that some random salesperson promotes as the best thing since sliced bread.
Keep in mind, there are very few expert debt coaches in the U.S. and most of the people you will talk to are salespeople who are trying to sell you their product. It’s good to talk to different providers and see what they can offer. But it’s also good to filter all that information through the same filter you would use if you were buying a car.
For example, when buying a car you might check authoritative sites like Consumers Reports, talk to your regular mechanic, and look for opinions from others. When seeking out debt relief options you should do the same thing. Just research before you leap and do everything you can to make an educated decision about what is the right path for you to follow.
You don’t have to give up any personal information to use my free Get Out of Debt Calculator to better understand the different options available.
Whether you are in debt, recently out of debt or never had any debt, if a collector contacts you to say you owe an old credit card debt or some other unsecured debt and you aren’t sure they are right, it’s not a bad idea to consider sending a debt validation letter. But there are some other steps to take first, like racking your brain and looking through your records to see if they actually might be right. You might even request a copy of your credit report to see if that debt appears there.Read More...
When mama told me I better shop around, she never thought I’d be shopping around for consumer debt relief companies. You’ve heard me talk about being in debt. I know how it feels because I’ve been there. Now that I’m debt-free, I’d like to help others who are in debt do the same.Read More...
If your debt problem is serious enough that you are considering help from a debt relief company, you might be scared, and you probably feel like you’re at the end of your rope. I did when it happened to me. You’re pretty vulnerable and maybe even feeling desperate at times.Read More...