The term, free debt relief, is misleading. If you’re looking to get out of debt without it costing you anything, then it’s probably high time for a reality check.
Paying off your debts, by definition, costs money. But at the same time, it does NOT mean you need to pay someone else extra to HELP you get out of debt.
"Running into debt isn't so bad.
It's running into creditors that hurts.”
- Unknown |
Rule #1 of managing your money: Never pay for something that you can do yourself for free!
Debt relief services is definitely one of those things you should never pay another person to do for you. Many services claim that for a low fee, they’ll get your creditors to reduce some of what you owe them, thus helping you repay your debts.
It all sounds well and good, right? WRONG.
Most of these companies, to put it bluntly, are scams. Their system is to have you stop paying your bills altogether for several months. This sends your creditors into a panic, thinking you’re going to default on the loans.
So when your helpful, so-called free debt relief company offers them much less than you actually owe to settle the debt on your behalf, some creditors will take the lower amount, figuring it’s better than nothing.
The problem, of course, is that your credit rating is destroyed in the meantime. Furthermore, many of these creditors WON’T accept the lower pay-off, having learned how these debt-relief organizations currently operate.
You can’t go through life, and be successful, by always looking for easy solutions. Free debt relief, the kind only YOU can provide, means paying off your debts in full, period.
Whatever you owe, that’s how much you need to pay. Debt-consolidation loans don’t solve the problem; all they do is shuffle your debt around. The debt is still there, and you still have to pay it off.
The way to get out of debt is to systematically attack your individual balances, paying them off one at a time (starting with the smallest) until they’re gone.
Debt is nothing more than a financial prison, and the only way you’ll ever be free in the truest sense, is by paying off your debt in full. Debt relief is possible - but it will take some time to achieve and it will require your personal commitment and sacrifice.
In America we like to look for quick-fix solutions. Unfortunately, there aren’t any for getting out from under the burden of debt.
You have to take responsibility for your debts; for your poor spending habits; for your unwise purchasing choices in the past, and commit yourself to reversing the process.
The end result is financial freedom, peace of mind, and a great sense of accomplishment.
You owe it to yourself and your family to get out of debt, don’t you think? TODAY is the day to decide to break free from the shackles of debt!
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"Money is better than poverty, if only for financial reasons."
- Woody Allen |
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Debt is NOT your friend. It's not a wonderful "tool" for building wealth. That's a myth.
