3 Key Steps To Take This Week If You Have Debt
Debt can be easy to accumulate, but difficult to overcome. That’s why it’s crucial to create a plan as soon as possible if you’re dealing with debt. While there’s no universal solution for everyone, there are essential steps you can take to help manage and reduce your debt—starting this week.
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Here are three actionable steps to consider:
1. Debt Settlement
Debt settlement allows you to negotiate with creditors to pay a lump sum that is less than the total debt owed. This can be a highly effective way to reduce and eliminate debt altogether, as opposed to simply restructuring it.
One company that offers this service is National Debt Relief, which has helped over 550,000 people achieve debt freedom since 2009. They negotiate with creditors on your behalf to lower your total debt, and the company has been recognized as the top debt settlement provider by Forbes Advisor in 2023.
If you’re struggling with high levels of unsecured debt, consider scheduling a free consultation with National Debt Relief to explore your options.
2. Credit Counseling
Credit counseling services offer expert advice on budgeting and managing your debt. These professionals can help create a personalized repayment plan, often at little or no cost. Many are certified and trained in financial planning and debt management, helping you navigate your financial challenges.
According to the Federal Trade Commission (FTC), the best credit counseling services will thoroughly review your entire financial situation before providing a tailored solution.
3. Debt Consolidation
Debt consolidation involves combining all your debts into a single loan, often with a lower interest rate. This simplifies your payments and makes it easier to manage your debt. It’s particularly useful if you’re dealing with multiple credit card bills with varying interest rates.
Companies like National Debt Relief also offer debt consolidation services, potentially helping you pay off your debt more quickly while saving on interest payments.
Taking these steps this week can help you gain control over your debt and move toward financial freedom.
