When someone is stuck in credit card debt it can feel as if there is no possible way to get out of the situation. Without a debt relief solution it can feel like a hopeless never-ending trap with no end in sight.
To many the mere thought of this scenario brings fear and anxiety, but the truth is it’s a common situation among American credit card holders. If that wasn’t enough, the reality is that the number of people caught in debt is rapidly increasing. If you are one of millions of Americans suffering from credit card debt, debt relief could be the answer you are looking for to secure your financial future. (Andrew Housser, 2017)
The first step to securing your financial future is to make debt relief your primary goal. Once you are mentally focused on eliminating your debt, you need to work with a reliable firm such as CreditAssociates. The reason for working with a debt relief organization such as CreditAssociates is:
- They will provide you the best debt relief programs available.
- You work one on one with their Certified Debt Counselors.
- They help you get rid of the debt within a set time frame.
- They will greatly reduce the amount of debt you pay in total.
- You learn how to manage your finances and debt moving forward.
Other options for eliminating debt do exist but can leave you vulnerable. Beware, as these solutions come with the risk of the self-management of your debt, potentially increasing your debt load and/or not being able to secure lower interest rates from the sources of your debt. (NA, ND. Coping with Debt)
CreditAssociates is a leader in the debt relief industry and has a proven track record helping consumers just like you.
Way 1: Avoid Bankruptcy!
Most people with a lot of debt consider bankruptcy as the only solution. This is based on mountains of internet “fake news” pushing people to believe bankruptcy is the best option available. To put it plainly, bankruptcy should only be used as a LAST resort due to the numerous financial side effects including:
- Bankruptcy will stay on your credit report for at least 10 years.
- Once you are labeled as bankrupt it can be harder to find employment.
- People labeled as bankrupt are not considered lendable for mortgage loans. Even after your bankruptcy period is over, it will be difficult to improve your credit score.
The good news is that for the vast majority of people considering bankruptcy, Debt Relief is really their BEST solution!
A qualified debt relief program will help you manage your debt, do negotiations, and will not have to worry about the unknown. Typically, debts are paid off in 24-36 months through debt relief and you are taught how to manage finances and debt so your future will be protected. (NA, ND. Coping with Debt)
Way 2: Pay Your Debt Sooner
When you are paying the monthly minimum on your credit cards, getting rid of the debt could take you decades. This is because the interest will keep building and building until you notice that, even with your monthly minimum payments, the total balance continues to increase.
If you are considering programs like debt settlement, you should be aware it won’t happen overnight. On the other hand, Debt Relief allows you to get rid of the debt within 24-36 months. Keep in mind all debt resolution processes depend on an understanding of your specific debt(s) and your other financial factors.
Way 3: No Compounding of Debt
With a debt relief program, you do not have to worry about increasing your debt load. Debt Relief programs are specifically designed to lower or eliminate the interest on your debt(s) depending on your financial conditions without the use of an outside loan. This means you are not going into more debt to pay off the old debt.
Furthermore, professional debt relief organizations, such as CreditAssociates, provide you proper guidance about how you can manage your expenditures. They design a personalized plan to help you manage your finances to easily pay off the debt. The best part of this program is you learn how to manage your finances and debt moving forward after you have completed the debt relief program! (NA, ND. Coping with Debt)
Debt Relief programs eliminate your debt in the best possible way. At CreditAssociates we have a special team of experts to help you break the debt cycle and provide you the tools and knowledge to secure your financial future.