Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

Debt Reduction, a Necessary Endeavour


Massive debt is something many Americans face. Debt reduction is now becoming more and more of a necessity. Even a low amount of debt can cost you a lot in the end and it can take a very long time to pay off. An example: Let's say you have $4000 in credit card debt and your interest rate is 14%. If you only make the minimum payment each month, it will take you 21 years to pay it off and you will have paid over $5100 in interest. Doesn't that sound awful? This is why you may be interested in debt reduction.

Debt reduction can be done in many different ways. A recent method being used is to buy some debt reduction software. You can purchase debt reduction software online or at a computer software store. The software usually comes with a debt reduction calculator to help you decipher how quickly your debt will be paid off in accordance to you monthly balance payments. Similarly, there are also debt reduction books you can purchase at your local bookstore.

The best route for help with debt reduction is to go see a credit counselor or a debt reduction counselor. Most charge a fee for help with debt reduction, but there are several non profit debt reduction organizations that help people with massive debt for free. There are also courses in debt reduction offered at many college campuses. Sometimes you may also learn of free debt reduction seminars. It is best to call around and see which option is the best for you.

The first step to debt reduction is to realize you are in debt, and you may have poor spending habits. To start debt reduction off on the right foot, you must decipher needs versus wants. You should only purchase things you need, not things you want. An example: you need food, water, shelter, electricity, etc. You want new shoes, to dine at fancy restaurants, a fancy car. To get anywhere in debt reduction, you must separate these two things. Only spend money on what is absolutely necessary, not on things you want but don't need. This is probably the most difficult part of debt reduction many people face.

Many people are in debt because of the many loans they have. These can be a car loan, house loan, school loan, etc. Many people end up way over their head in debt. When you have this many loans, go see a debt reduction counselor or credit counselor to help you consolidate these debts and hence start your way to debt reduction.

With the proper frame of mind and some restraint you can eliminate your debt in a fast and easy manner. Once you come to realize that you need help with debt reduction, you will be that much closer to eliminating your debt. Seek out help and get that enormous weight off your shoulders. I promise you will feel much better.

Jay Moncliff is the founder of http://www.debt-relief-center.info a blog focusing on the Debt, resources and articles. This site provides detailed information on debt. For more info visit his site at: Debt


MORE RESOURCES:

Debt Releif - Google News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Freedom Debt Relief Offers 5 Tips to Help Consumers Avoid Becoming Victims of Identity Theft - PR Newswire (press release)


Freedom Debt Relief Offers 5 Tips to Help Consumers Avoid Becoming Victims of Identity Theft
PR Newswire (press release)
SAN MATEO, Calif., Nov. 21, 2017 /PRNewswire/ -- As travel and online shopping ramp up during the holiday season, the risk of identity theft grows as well – and these common crimes can result in increased cost of debt for people who do not catch the ...

and more »

Browne calls for Paris Club debt relief - Antigua Observer


Courthouse News Service

Browne calls for Paris Club debt relief
Antigua Observer
Yesterday, Prime Minister Gaston Browne seized an opportunity to call on the Paris Club group of lenders to grant his country some breathing space on its debts, as the nation looks to recover from the devastation wreaked by Hurricane Irma in September.
Calling Conditions Primitive, Barbuda PM Vies for Hurricane Relief Courthouse News Service

all 8 news articles »

FSB requests all documents on Yeltsin Center's $10m-debt relief - https://en.crimerussia.com/


https://en.crimerussia.com/

FSB requests all documents on Yeltsin Center's $10m-debt relief
https://en.crimerussia.com/
The Office of the Federal Security Service in Sverdlovsk region requested for all materials on the transaction upon which the government of the Sverdlovsk region will write off interest on the debt of Yeltsin Center in the amount of 598 million rubles ...

Puerto Rican coalition calls for full recovery funding and debt relief - Florida Politics (blog)


Florida Politics (blog)

Puerto Rican coalition calls for full recovery funding and debt relief
Florida Politics (blog)
A national coalition of Puerto Rican groups with heavy representation in Central Florida urged in Orlando Monday for Congress to offer full relief funding for the hurricane-ravaged island and for Florida and federal relief for evacuee housing in the ...

and more »

Getting Help with Credit Card Debt: Freedom Debt Relief Suggests 7 ... - Markets Insider


Getting Help with Credit Card Debt: Freedom Debt Relief Suggests 7 ...
Markets Insider
SAN MATEO, Calif., Nov. 20, 2017 /PRNewswire/ -- For the many Americans who face unmanageable credit card debt, it's time to get their financial lives in order, ...

and more »

Feds sue nation's largest debt-relief provider - Jackson Clarion Ledger


Jackson Clarion Ledger

Feds sue nation's largest debt-relief provider
Jackson Clarion Ledger
The Consumer Financial Protection Bureau has sued the nation's largest provider of debt-settlement services, alleging that Freedom Debt Relief deceived and misled consumers about its services and fees. The agency announced the lawsuit Wednesday in a ...

and more »

China makes no offer of debt relief for Venezuela - ABC News


Venezuelanalysis.com

China makes no offer of debt relief for Venezuela
ABC News
China on Thursday made no offer of debt relief to Venezuela, but said it was confident the country can deal with the problem. The statement from the foreign ministry came a day after Russia and Venezuela signed a deal in Moscow that envisages Venezuela ...
Venezuela, Russia Agree to Restructure Debt as China Voices Confidence in Caracas Venezuelanalysis.com
Putin extends lifeline to cash-strapped Venezuela CNNMoney
Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount OilPrice.com
RT
all 137 news articles »

Russia Offers Venezuela Debt Relief - Wall Street Journal


Wall Street Journal

Russia Offers Venezuela Debt Relief
Wall Street Journal
MOSCOW—Russia threw a lifeline to Venezuela on Wednesday, restructuring the more than $3 billion it is owed by its economically and politically troubled South American ally. The Russian Finance Ministry said the debt of $3.15 billion would now be ...

Freedom Debt Relief: CFPB “fundamentally misunderstands” debt settlement process - HousingWire


HousingWire

Freedom Debt Relief: CFPB “fundamentally misunderstands” debt settlement process
HousingWire
Last week, the Consumer Financial Protection Bureau sued Freedom Debt Relief, the nation's largest debt settlement services provider, claiming that the company repeatedly lied to its customers about the company's ability to negotiate debt settlements.
Consumer board accuses Freedom Debt Relief of alleged deception ... Legal News Line

all 7 news articles »

LargeFriends.com - the best dating site for plus-sized singles!
SuccessfulMatchCentral.com - the best dating site for plus-sized singles!

PreLaunchX

PrimeNews Domain Is For Sale - $5,000 For Enquiries eMail Us

© www.PrimeNews.biz - 2012

home | site map | links