Debt Relief vs Doing Nothing
By: Eric Gartle
Doing nothing in adverse financial situations is the equivalent of getting deeper in trouble, that is why debt relief is designed to be the better alternative to doing nothing.
Forgetting or doing nothing about personal, business or credit card debt will lead many to financial suicide. Wishing that a problem goes away is not going to be a solution. A wise solution is to admit mistakes have been made and look for help. In the case of financial distress, the proper way to go is to look for debt relief or debt counseling. This help can come in many different forms, there is debt consolidation, debt settlement, interest rate reduction programs, etc..
The most important part like I said before is to admit to needing help and looking for it. Many are skeptical about debt management programs, we have all heard the horror stories. It is true there are companies out there making millions of dollars on the pain of others. I have always recommended people do their homework before joining a debt management program. Once joining a program, actually doing what they signed on to do, which is to eliminate debt.
We must all set goals in life, in order to eliminate debt we must all come up with the material to help us get rid of this debt, and that is money. Yes, the only thing that is going to get us out of debt is money. In other articles I have written I have explained of ways to come up with funds to eliminate our debt.
Debt management programs are designed to teach and guide consumers to getting rid of their debt, if anyone feels their program is not doing this, get out of it. They must teach you about your rights under the consumer laws passed to protect the public. These agencies must at all times keep their members informed of the progress or work being done on their accounts. These agencies must simply not just sign consumers on to their programs and forget about them. In other articles I have written which types of agencies to join and what fees to pay, keeping in mind the main goal is to get out of debt not get deeper in it.
Doing nothing about debt will only create more debt, looking for ways to alleviate it and finding the right help will eliminate this debt. Be realistic, debt will not disappear in a few months time, it may even take years to eliminate it. Be patient, trust yourself and the agency chosen to help eliminate the debt. It is true the road to financial freedom will be a bumpy ride, eliminating debt is not easy and sometimes quite difficult but quite fulfilling when the goal set is reached. Everyone can live debt free if certain goals are set in life, and life is lived within our means. Remember living outside of your means is what probably will get all of us in financial trouble at one time or another, do not fall into this trap. If this advise is followed one will probably not even be reading this article. Good luck in your quest for financial freedom.
Eric Gartle has worked in the debt settlement industry for the last 10 years and has vast experience negotiating personal as well as business debt. For more information please visit http://www.pemperandgartle.com
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