Debt management, in the form of bite size steps can help you to get you out of debt, without a doubt. If you like winning games and being in control, then why not change our mindset about our debt problems and treat your debt as a game?
The painful beginning of this this debt game is … your acceptance that debt managing is your own responsibility. This horrible fact should kick in when you reach your personal debt ceiling. This can be anytime for any one of us!
What is the debt ceiling for you?
Is being in debt painful enough for you now?
Do you want to bury your head in the sand for another year?
Only you can decide, but, once you do decide that enough is enough, then following clearly defined debt management program can move you out of inertia and into a more positive financial stage of our life.
With the right frame of mind, a ‘Go For It‘ mentality and with the following bite size steps to get out of debt, being debt free is possible.
Yes! I know, it is a daunting experience to have to face the task and so, on the website here, you will find specific steps for doing just that. The Get Out Of Debt Fast articles listed below are broken down into manageable steps.
By following these steps you have the potential to have cleared a great chunk off your debts and therefore a lot less interest to pay out each month, thus allowing you to save and start enjoying the life you want for yourself and your family.
Updated information on the above Debt Management Plan Articles on How to Get Out Of Debt follows …
1- Scrutinize The Debt Plan
Make sure that you read through all documentation carefully before signing a proposed debt management plan created for you by a credit counselling agency. Take a copy of the debt plan away with you, so that you can read it thoroughly without the pressure of having to sign it immediately. From my own experience of buying an insurance policy in the past, which was supposed to protect our new business mortgage, had we had done this, then I am sure we would not have gone ahead with the policy, which in fact, had a small clause which counteracted our security.
2- Violation Points
It is very important that you understand totally what you are signing for another reason and that being that you could violate the agreement terms unintentionally and thus put yourself into a worse financial situation.
3 – Compare Debt Plans
Do your research thoroughly. What one company may offer in one area, such as wiping up to 70% of your debts, another part of their agreement could counteract that offer. It is worth your while being diligent to ensure that you get the best deal, suited to your needs. Compare all debt plans thoroughly.
4 – Record and Note Your Debt Arrangement Scheme
Keep an up to date record of your debt arrangement scheme, so that if you see any irregularities in the payments documentation, then you can fix the problem immediately. This step alone will ensure that your credit score is working to your advantage.
Debt management is a topic which has been in the news for many years and this year coming will be no different. Some people have the misfortune of being in debt for their whole lives, just like their parents before them and even grand parents.
So that couple did it and with an enormous amount of cash! Can you do it and then inspire others? … It’s possible.
Sadly, the the reason why I created this website in the first place, is that many people have been unable to cope with their debts and resorted to the final straw which they felt was left open to them, suicide. Only those who have constant debt problems can understand how someone would feel that that was the only way out. Of course, it’s not but when debt stress is ongoing, our way of thinking becomes unbalanced. We just have to read the news on the debts related to being in debt or talk to people in the public sector who have to deal with the after affects of someone desperate enough to resort to suicide, to know that it is ongoing.
This month could be the beginning of the rest of your life without debts. All you have to do is to shift your way of thinking and be positive that you have it within you to become debt free. Added to this, the tool of your own personal debt management plan.
It’s possible that maybe you have some blocks around money issues and being in debt which you need to shift. I am in the middle of researching a mass of information on this subject and will pass this information on here in another article.
In the meantime, try to take the time to follow the debt management steps outlined above because it will be the most positive thing you could do for yourself and those you love, one step at a time. I wish You financial success and debt freedom from this day onward.