It’s Time to Start Taking Your Debt Seriously

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advantages of a Debt Consolidation Program

Denial: it’s a coping mechanism that many people turn to when they’re struggling with a stressful situation or having difficulty coping. One common place it’s used in is when someone is having trouble accepting the fact that they are in debt.

Are you in debt denial? Ask yourself these questions.

  • Do you spend money without thinking of the consequences?
  • Do you avoid looking at your bills and credit card statements?
  • Instead of paying them off, do you just keep getting new credit cards?
  • Are you arguing with your significant other about money?
  • Have you picked up a bad habit in order to cope with financial stress?

If you’ve said ‘yes’ to any of these questions, then it’s time to sit down and seriously take a look at your finances. Avoiding the problem will only make it worse, and before you know it, you will dig yourself into a hole that will be more than difficult to get yourself out of.

Get Debt Help Today

The reality is that the longer you leave your debt to stew, the worse it will get. Even if you make minimum payments, the interest is just going to keep eating away at you until you are just completely out of your depth.

Seek the help of a credit counselling agency as soon as you can. They’ll be able to assess your situation and create a plan of action for you on how to best tackle your situation. They may even suggest a Debt Consolidation Program where you combine two or more or your debts into one so that you are making a single monthly payment with lowered interest rates.

The advantages of a Debt Consolidation Program are many – not only will you have a certified CreditCounsellor on your side who will offer you support and financial advice, but they will also:

  • Negotiate lower interest rates on your behalf and in some cases, stop the interest all-together
  • Stop collection calls for you
  • Work with you to build a monthly budget and help you stick to it
  • Help you set realistic financial goals
  • Teach you the fundamentals of money management

Payments are arranged to be made automatically and on-time to your creditors, and there is full tracking available as well. That way you always know where your money is going and how long you have until your debt is paid off.

While on the program, you’ll have the option of getting  a secured credit card and after your successful completion of the program you may be eligible for an unsecured one. It’s all about getting your life back on track and dealing with money and credit in a healthy, sustainable way.

You’re Not Alone

Part of the reason why people deny being in debt is because they’re too ashamed to admit it. If you can overcome this worry, you may just be surprised to see how many people there are out there who want to help. Just make sure you are seeking assistance from a reliable source – like a not-for-profit credit counselling agency. They’ll offer you judgement-free advice and can help you along on your journey

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