Why Some Debt Relief Programs Fail To Work
By: Eric Gartle
Has anyone ever asked themselves why something failed to work. Many times things fail to work because they are not given the attention they deserve, same with debt relief programs.
I have seen many people join debt relief programs either to consolidate or to negotiate on their debt and fail. why do they fail? People fail debt relief programs simply because of their lack of attention. Many people simply forget or choose to forget they joined a program to help relief their financial situation. This is the same as doing nothing. If you are married and do not pay attention to your spouse, what happens? Most likely you will end up divorced. Same thing happens with the debt relief program you so enthusiastically joined. When one makes contact with a counselor and speaks about his or her debt obstacles not to call them problems, promises are not only made by the agency. Promises are also made by the person seeking help. I have heard people say they are going to save $200.00 a month to lower their debt and two years into the program they have the same $200.00 they started out with. Now, my question here is, who is to blame? The debt relief program or the person who joined the debt relief program? You decide.
No one forces anybody into signing a contract to join their specific debt relief program, it is understood the consumer looking for this help chooses the agency. I have not heard of the first person say they had a gun put to their head to join a debt relief program. No, we as individuals make these choices, just like when we go out and look for the perfect automobile or apartment we want to live in. I understand sometimes we make mistakes, we are all human. If you seek help and very soon find out the program you joined is not the right one for you, please get out of it. Most programs should come with a clause that will allow you to terminate the contract any time you choose to.
The contract. Yes, the contract, all that fine print just like the credit card agreement that was signed three years ago and never read. Who reads these things anyway? Very few people do, that is why we are seeking debt help right now, it is called failure to read the fine print or the contract, again lack of attention. Make sure you read the contract with your chosen debt relief agency before you initial it, date it, sign it and fax it in. Do yourself a favor please pay attention and read it. By now, everyone reading this article should be catching my drift, please read the fine print before you sign any type of contract.
Once you are in a debt relief program do not lie to yourself, if you committed yourself to saving a specific monthly amount please do it. By not doing it you are only hurting yourself and your family. Please analyze your situation before acting out. My best advise is before going on the internet and driving yourself crazy with debt relief agencies, speak to a lawyer, an accountant, somebody who knows about finances before you make any desperate decisions.
Remember what got you into debt in the first place. Desperate decisions. Remember, haste makes waste. If you are not totally sure which way or what type of help you want with your debt take some time out and discuss it with your spouse and make sure you make the right decision as a family. Make smart choices, many people fill their mouth by saying their debt relief programs where a scam, in many cases they are, in many cases we lie to ourselves and end up blaming someone else for our lack of attention.
Stop blaming everyone else, stop using your credit cards and live within your means, no one but yourself is responsible for getting you out of the financial distress you are in, it simply comes down to finding the right help and helping yourself make the debt disappear. It does not disappear because you joined a debt relief agency, it disappears when you stop spending the money you do not have and whatever little is left goes to your debt. Take a good look in the mirror and ask yourself who is responsible for your debt and do something about it.
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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