I have discussed debt relief many times. In many different ways. Some have been sponsored posts and some have been things I have learned and researched on the topic. Sometimes, I am asked to discuss the topic again (for whatever reason) and I struggle with coming with a new way to say the same thing.
Today, is one of those days that I again tackle the topic. People may need to seek debt relief services for many different reasons. For example they may not have any savings. While this alone, may not be enough to seek such services, it is an important reason to consider it. If you have this problem, and you also are taking out cash advance loans to pay your credit cards (borrowing to pay another loan) and/or you are losing sleep worrying about your debts. Then you are certainly in trouble. Face it, simple mathematics should tell you that you are not going to out of debt, if you continue to borrow.
If you are struggling with debt, then the time is now to seek credit card debt relief. Especially if your consumer debt is at or near 20% of your income. Furthermore, if you are paying your necessities (utilities, groceries, taxes, etc) with credit cards, then you are overspending. the fact is, you cant continue living that type of lifestyle. You need help from a professional debt relief counselor help you understand how to budget wisely. Someone to help you to spend and save the right amounts of money out of each paycheck. Someone, to help you enter into credit card negotiation with the banks that you are in debt with and help you to cancel each of those credit cards. In my opinion, that means a cash only budget. No more consumer debt.
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