I sometimes wonder if credit cards are really a good thing. There was a time when they did not exist and people did just fine. You were able to get a loan for a home or a car, but you could not buy your groceries or fast food with a credit card. Now, there is nothing that can’t be purchased with plastic. It has made a society of buy now, pay later individuals. And some people have managed this concept just fine, because they buy now and pay 30 days later and do not carry credit card balances.
But if you are one the people that are unfortunate enough to have consumer debt, there is no reason that you cannot pay it off and change the way you manage money from this point forward. Habits can be changed. People do it all the time and if you expect to have a financially secure future you will have to do it too.
You can get out of debt on your own, but if you can only make minimum payments you are going to have to come up with extra money to put towards your debt by increasing your income and decreasing your spending. If there is no way that you can possibly do this, you do have another debt relief option that can have you out of debt in 3 to 5 years.
A nonprofit credit counseling agency can help you organize your unsecured debts so that they can be paid off within 5 years. All of the debts that you choose to enroll in the plan are consolidated without a loan and you will make one payment each month. You do not have to own a home or have good credit making this program ideal for most of the people that seek debt relief assistance.
With the drastic reduction in interest rates and the elimination in fees, you can get out of debt much more quickly with a debt management plan than you could doing this on your own. You credit score will see little impact as oppose to debt settlement, which will ruin it. If you have debt and are looking for help, get a free quote for debt consolidation and get started today paying off your debt.
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