Debt Problem Advice

Debt problem advice is available from a number of sources, but after listening to all of them, the answers and solutions are all nearly the same with few exceptions. There are plenty of online sources ready to help counsel, consolidate debts and other provide other ideas, but the simple fact of the matter is the debtor has to take the raging bull by the horns and act! Simply sitting by and being run over by big banks and their outrageous usury policies will only bring more and more misery. Debt problem advice is plentiful but the options for squashing the fiscal liabilities are very clear. Clear also is the exclusivity Jesus claims as the only way a person can enter heaven. "Jesus saith unto him, 'I am the way, the truth and the life; no man cometh unto the Father but by me." (John 14:6)

The discussion of fiscal liability advice always begins with steps the consumer can do right away to put a dent in the borrowed money mountain. And by the way, this first step will not hurt someone's credit history and will not cost the consumer a long term credit disadvantage. The first piece of debt problem advice given by many is to end the excessive lifestyle and start selling everything but the bare necessities. Many people drowning in financial liability are doing so because of unsecured loans such as signature loans, charge cards and credit cards used to buy really unneeded stuff. . Getting serious with unsecured borrowed money obligations begins with an infusion of cash to start paring down one of the card's principle, and selling off that stuff is the start. If the entire family is in on all the information from the start, even the children will be more likely to buy in and own the sacrifices about to be made. Taking that money and placing it on either the principle of the highest interest account or the card with the lowest actual balance is a great morale booster.

Getting a second job and putting all the wages earned on a credit card principle is also a great way a consumer can make fiscal liabilities go away without outside intervention. But sometimes the selling of possessions and getting a second job aren't possible. However, don't feel alone in this very American dilemma of heavy financial obligation that so many people face. Almost every debt problem advice source cites Federal Reserve statistics that credit debt has chained millions of Americans to a paycheck to paycheck existence and as rising prices for everything continues, desperate measures are being sought for escape. Of course, the careful planning of a budget and sticking with it is crucial in helping to make these first down-to-earth solutions work. Many people who themselves mired in heavy financial obligations never have had a budget, let alone abide by one.

The freshest debt problem advice comes in the form of the debt relief network that offers to actually assume a consumer's total unsecured loan debt through a legal contract. For a onetime fee, the network will not only assume the fiscal obligations, but will begin a legal wrangling with the creditors until the iability is dismissed within a one year average period. The consumer may be subjected to some temporary collector calls and credit report smears, but the network promises to put a clamp on collectors and that all negative credit report initiatives will be erased. It's a fairly new concept and one that is quite radical, very legal and has a verifiable track record. There are some questions that Christians might have before approving such a strategy, but they are personal ones that can only be answered by the consumer's own spiritual journey and all references for a company should be verified before entering into a transaction.

The next option that debt problem advice dispensers might give is getting a low interest home equity loan to cover high interest revolving accounts, but frankly, that doesn't really solve the financial liability issue; it will only make the existing debt more comfortable with which to live. Given that option as being unworkable, that would then lead to the suggestion of considering credit counseling as a possibility. Online non-profit agencies plus others located all across the US in towns and cities are ready to help the consumers negotiate with all credit card lenders to lower the interest rates. The agency consolidates the loans into one much lower payment than had been previously paid which also gives the consumer more money each month. A person's credit score will be hurt in this action, but it a respected way to work out of financial liability within five years.

The most drastic option is really not on anyone's debt problem advice column. It is chapter seven and chapter 13 bankruptcies. They are a ten year credit reputation prison sentence. They are drastic, they are mind-numbing and they are resorts only few people need to take in order to solve their debt issues. In fact, unless someone is at or below the median income line in their state of residence, it won't be allowed under any case. Debt problem advice dispensers never really talk about the very heart of debtor's disease, but American materialism is the fuel that fans the flames of raging debt. The lusting after the newest, the best, the shiniest, the most up to date, the current and the hip makes us sacrifice the best for the pleasure of having what usually turns out to be that which breaks down and rusts and goes out of style.

For more information: http://www.christianet.com/debtrelief

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