How To Really Get Out Of Debt Without Spending A Fortune On Credit Counseling
Below is a MRR and PLR article in category Finance -> subcategory Debt Consolidation.
How to Get Out of Debt Without Spending a Fortune on Credit Counseling
Summary:
Do you really need an expensive credit counseling service to escape debt? Probably not. Discover alternative ways to become debt-free without breaking the bank. Plus, if you do decide counseling is necessary, find reputable resources to help you connect with trustworthy services.
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If you're like most people, you might not realize that credit counseling is a booming business. Those helpful folks aiming to assist you actually earn a good income from their services. And, guess who foots the bill? You, the debt-laden client. Often, their fees are included in the consolidation solutions they offer.
But here's the thing: you might not even need their help. This article will guide you to determine whether you truly need counseling. If you decide you do, I'll point you to credible counseling sources, so you can breathe easy knowing you’re not being overcharged.
Do You Really Need Credit Counseling? Let's Find Out:
- Are you overwhelmed with calls from creditors?
If so, it might be time to seek help. Many agencies can negotiate with creditors on your behalf to establish manageable payment schedules.
- Are you keeping up with all your debt payments?
Well done! Regular payments indicate you might not need counseling just yet. However, if you've missed more than a couple of payments recently, consider reaching out to a counselor.
- Are creditors taking legal action against you?
Facing foreclosure, repossession, or other legal actions? It's a wise decision to seek external assistance.
But what if you're only slightly behind, or perhaps just unsure where all your money goes? You might be in better shape than you think.
Do-It-Yourself Debt Relief:
One effective approach is to tackle debt on your own. There are numerous self-help books and courses available that can guide you back on track and help reclaim your financial freedom.
One such resource is Leo Quinn's book, "How to Own Your Paycheck Again." Leo's straightforward style has helped many people eliminate their debt as he debunks myths often perpetuated by so-called experts, such as:
- "Buying a home is the best investment you can make."
Leo reveals why this isn't always true in financial terms.
- "Paying off high-interest debts first is essential."
Leo challenges this notion and shows why you should reconsider this strategy.
Ultimately, Leo Quinn guides you on how to eliminate all your debts, including your mortgage, in under ten years, providing you with the necessary tools in his book. If you're not quite ready for counseling, consider exploring "How to Own Your Paycheck Again."
Finding a Legitimate Credit Counselor:
If you decide professional counseling is the right path, the Association of Independent Consumer Credit Counseling Agencies (http://www.aiccca.org) and the National Foundation for Credit Counseling (http://www.debtadvice.org) offer referral services to accredited agencies. Be sure to evaluate any agency using the checklists provided by these organizations.
Here's to living debt-free!
You can find the original non-AI version of this article here: How To Really Get Out Of Debt Without Spending A Fortune On Credit Counseling .
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