Debt Consolidation | Debt Settlement | Credit Card Debt - Toll-free: (877) 676-5878 Complete Debt Solutions

Debt is like a messy pet that you forget to lock up before going on an extended vacation. Left free to do what it pleases, it’s sure to make a mess of everything that you hold dear.

While your debts can’t rummage through your clothes closets or eat all the food in your pantry, they can still cause plenty of trouble. In fact, your mounting debts could wind up forcing you to declare bankruptcy.

You may have heard about various debt consolidation agencies that advertise quick relief from your unsecured obligations. Since there are several different methods of debt relief out there, it’s important that you seek out the type of help that’s right for your situation. You need a trusted source of debt consolidation advice to help you do this.

Don’t believe anyone who tells you that you can’t pay down your debts on your own. It’s entirely possible to muster the financial resources required to shrink and eventually eliminate your balances for good. To do this, you’ll need to pay down your debts one at a time. Begin with a particularly high-interest credit card or loan and work your way down the debt ladder until you’ve paid off your least expensive debt.

This process can save you hundreds of dollars in potential interest charges and reduce your payoff period by several years. However, it’s hard to muster the discipline to stay on schedule during a self-managed debt repayment plan. Such a plan might also require you to make uncomfortable cuts to your household budget. Your family might not be willing to make such sacrifices.

If you’re looking for a professionally-managed program of debt relief, you have several potential choices. Before making your decision, take the time to absorb a few key bits of debt consolidation advice.

First, it’s important to remember that debt consolidation can help you reduce only your unsecured debts. Since secured obligations like your car note or home equity loan are connected with physical assets that can be forfeited during default or bankruptcy, they can’t be consolidated or reduced by normal means. To alter the terms of a mortgage or auto loan, you’ll need to enter a program of refinancing.

Then again, a debt consolidation program that reduces your burden of unsecured debt could still prove useful. In fact, it could mean the difference between a devastating declaration of bankruptcy and a stable financial future. Unsecured debts that can be reduced by debt consolidation include medical bills, personal credit lines, court judgments, retail-store cards and regular credit cards.

You could choose to take out a debt consolidation loan to help pay down your debts. Although it might seem unwise to open yet another line of credit while you’re trying to get a handle on your current debts, this method of debt relief might meaningfully reduce your total burden.

Once you agree to the terms of your loan, your debt consolidation lender will pay off your existing unsecured creditors and leave you responsible for a single larger loan. This greatly simplifies your repayment arrangements by requiring you to send just one monthly payment to your lender.

Unfortunately, debt consolidation loans can carry high rates of interest. Unless you have a good credit score, the interest rate on your loan could be as high as 20 percent. This might be even more expensive than the average rate on your old debts. Due to their expense and other factors, most borrowers who listen to unbiased debt consolidation advice from financial experts choose not to take out debt consolidation loans.

Rather than take out a costly loan that many produce limited long-term savings, opt for a proven debt relief program from a trusted provider. Complete Debt Solutions, one of the country’s foremost authorities on debt consolidation, has been providing debt settlement services for years.

Like a debt consolidation loan, the debt settlement process can help you reduce and pay down your debts in less time than a self-managed program of debt relief. Unlike a debt consolidation loan, it can actually reduce the principal balances on your existing debts.

In other words, Complete Debt Solutions Debt Relief can dramatically cut the total amount that you owe to your creditors. Once you enroll in a debt settlement program, you won’t owe your creditors another dime until all of your debts have been settled.

The process often takes less than 3 - 36 months and requires no upfront payments. You’ll only owe Complete Debt Solutions for its services once your debts have been settled and you’re well on your way to financial freedom.

Get debt consolidation help by calling 877.676-5878  www.completedebtsolutions.ca  

To learn more about the debt settlement process, call Complete Debt Solutions  at 1-877-676-5878 or complete the no-obligation debt consultation form today. You’ll receive more debt consolidation advice and discover how to get your finances back on track.

Ten Things Debt-Free People Do - Call Debt Free Associates (877) 676-5878 Canada

Ten Things Debt-Free People Do - Call Debt Free Associates 

1. They are detail-oriented and very organized

Paying off debt means knowing what you owe, developing a budget and sticking to it. Debt-free people keep track of their bills, how much they earn, how much they save and how much they invest. They speak to experts and have a tracking system in place, whether it’s an Excel file or another program. Demers went to a financial planner when he started a new job in 2008. “I went to a financial planner to get my house in order and set up a debt repayment plan, as well as placing a portion of my paycheque to an RRSP.”

2. They’re stress-free

 Debt creates stress. People worry about money, they dread next month’s bills, they can’t sleep at night which leads to poor work performance… the list goes on. Getting rid of debt gets rid of stress as Demers experienced when he finished paying off his debt. He says, “It felt amazing. It was like this huge weight was off my shoulders. I didn’t go out to celebrate, though. I’m merely modifying my plan now.”

3. They operate within a budget

 Just because they have disposable income doesn’t mean they spend haphazardly. If they can afford it, they’ll spend. If not, they’ll wait or forgo spending.

4. They pay cash

 One of the reasons I was able to pay off my debt was because I chose to pay with cash. If I didn’t have the money, I didn’t use credit as that would increase my debt load.

5. They don’t have a lot of credit (and they understand credit)

 Credit, when understood and used properly, is a good thing. Debt-free people aren’t afraid of credit. Instead they use it properly to build their personal credit and pay their cards off every month to avoid interest. Demers uses his grandparents’ attitude towards credit. He says, “Never, ever use them as a substitute for cash. They must be paid off every month. My card’s limit has been set deliberately very low for that reason.”

6. They understand value

 Do you really need ten tops from a fast-fashion store or one very good, high-quality top that will be worn for years? Debt-free people consider the value of items before purchasing versus mindlessly buying stuff.

7. They’re patient

 Debt-free people make the hard decisions. If they can’t afford something, they either wait until they can or choose to do without.

8. They comparison shop

 They also cut coupons, wait for sales or buy second-hand. That’s not because they can’t afford it. They know that it’s silly to automatically pay full price for everything. Debt-free people have a habit of looking for realistic and pragmatic ways to save money.

9. They’re not materialistic

 Debt-free people might like nice, shiny toys but they don’t define themselves by their possessions.

10. They think long and hard about taking on new debt

 I was debt-free for a long time and was hesitant to take on new debt via a mortgage. It took a lot of thought, some calculations, a lot of research and talking to real estate and financial experts before making the choice to take on new debt. Thanks to my previous experience being debt-free, I continue to practice my debt-free habits as well as focus on paying off my new debt as soon as possible.

Demers would also take on new debt but with a few caveats, ”If I ever do take on debt, it will be exclusively with a credit line from a credit union or with an online bank like ING Direct. Their interest rates are favourable, and on top of that, I feel as if I’d be in a position to get a better deal.”

*Name changed by request