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    Debt Management 101 - How To Get Out Of Debt Fast
    Debt Management 101 - How To Get Out Of Debt Fast
    Debt Management 101 - How To Get Out Of Debt Fast
    Ebook64 pages1 hour

    Debt Management 101 - How To Get Out Of Debt Fast

    By Steve Miller

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    About this ebook

    Recent studies have shown that more than 35% of Americans have unpaid bills and debts which have been put in the hands of debt collection agencies – so if you are struggling to keep your head above water then you are certainly not alone.

    Many consumers find it difficult to meet the repayments on anything and everything from credit cards to hospital bills, mortgages to car loans . . . the bills just keep on piling up with no end in sight. Even cell phone contracts and unpaid gym membership fees can end up with a collection agency and have a detrimental effect on your credit score. Bad credit can even have an effect on your job prospects and the price you pay for your car insurance – the problems are very deep rooted indeed.

    It’s a worrying statistic isn’t it? Around a third of the Americans you see in the street will have some debt in collections. The figures are worse in some states than in others but even if you live in Minneapolis (only 20% of residents have debts in collection) it still paints a bleak picture.

    If you are struggling with debt then the good news is definitely that you are not alone. Debt is certainly not something to hide or be ashamed of these days – hey, everybody’s doing it – but that still doesn’t make it okay.

    There are important steps which you must take in order to get out of debt and the sooner you start along the road to financial recovery the better.

    LanguageEnglish
    PublisherSteve Miller
    Release dateOct 3, 2015
    ISBN9781519991096
    Debt Management 101 - How To Get Out Of Debt Fast

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      Book preview

      Debt Management 101 - How To Get Out Of Debt Fast - Steve Miller

      INTRODUCTION

      WHEN TO WORRY ABOUT DEBT

      THESE 3 STEPS WILL HELP YOU TO GET OUT OF DEBT

      1 – Appraise the Damage

      2 – Get Right to the Bottom of Things

      3 – Call a Family Meeting to Unit Your Efforts

      THE ART OF MAKING A BUDGET YOU CAN ACTUALLY STICK TO

      Don’t Be Hampered by Your Misconceptions

      LIST YOUR EXPENSES – THAT MEANS ALL OF THEM

      Stick To The Budgeting Rule

      Build In a Few Rewards Along the Way

      Saving in Your Budget

      EXTRA TIPS TO HELP YOU STICK TO YOUR PERSONAL SPENDING PLAN

      PRIORITIZING YOUR DEBTS

      Top Priority - Your Home Comes First

      Next Priority – Secured Debts Should Always Come Before Unsecured Loans

      Next Priority – Taxes

      Next Priority – Medical Bills

      Last on the List – Unsecured Debt

      DEBT CONSOLIDATION LOANS – ARE THEY THE ANSWER?

      Check Your Credit Report

      Debt Consolidation Loans and Other Options

      Understanding the Difference Between a Debt Consolidation Loan, Debt Management Program and a Debt Negotiation

      Choosing The Right Type of Debt Consolidation Loan

      Finding The Best Deals

      Check Out The Total Cost and Not Just the Monthly Repayments

      Don’t Be Tempted to Take Out Credit Insurance

      WHEN BANKRUPTCY IS THE ONLY ANSWER

      Consider the Options

      The Costs of Bankruptcy

      Types of Bankruptcy

      Life After Bankruptcy

      DEBT COLLECTION RIGHTS AND THE CONSUMER

      SOME WEIRD, SOME WACKY AND SOME WONDERFUL WAYS TO SAVE MONEY

      CONCLUSION

      INTRODUCTION

      Recent studies have shown that more than 35% of Americans have unpaid bills and debts which have been put in the hands of debt collection agencies – so if you are struggling to keep your head above water then you are certainly not alone.

      Many consumers find it difficult to meet the repayments on anything and everything from credit cards to hospital bills, mortgages to car loans . . . the bills just keep on piling up with no end in sight. Even cell phone contracts and unpaid gym membership fees can end up with a collection agency and have a detrimental effect on your credit score. Bad credit can even have an effect on your job prospects and the price you pay for your car insurance – the problems are very deep rooted indeed.

      It’s a worrying statistic isn’t it? Around a third of the Americans you see in the street will have some debt in collections. The figures are worse in some states than in others but even if you live in Minneapolis (only 20% of residents have debts in collection) it still paints a bleak picture.

      If you are struggling with debt then the good news is definitely that you are not alone. Debt is certainly not something to hide or be ashamed of these days – hey, everybody’s doing it – but that still doesn’t make it okay.

      There are important steps which you must take in order to get out of debt and the sooner you start along the road to financial recovery the better.

      WHEN TO WORRY ABOUT DEBT

      Debt is just a part of the daily cycle for many people these days – there aren’t many people who are lucky enough to be mortgage free or can last an entire month without slipping into their overdraft or resorting to

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