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HomeBlog Debt ReliefFour Proven Ways To Find Debt Relief
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Four Proven Ways To Find Debt Relief

October 4, 2012 by National Debt Relief

A pile of bills, checkbook, pen and calculator on the table.The objective of this article is to help you achieve debt relief. I know that facing up to big debt is not easy. You may be in debt for reasons over which you had no control. Maybe you were laid off or became seriously ill. Or perhaps you just didn’t use your credit cards wisely. But none of this matters. The important thing is for you to find debt relief so that you can get your life back on track.

Where you stand financially?

The first important step is to take stock of your financial position. You need to compare what you’re spending monthly to your monthly income. The results may shock you. You may find that you have been spending far more than you earn. If this is the case, you need to reduce your spending so that you can meet your financial obligations. If you are able to reduce your spending to, say, 20% less than you earn, you could use the difference to start paying on your debts. If you can’t, then here are four other proven ways to achieve debt relief.

A debt consolidation loan

One way to find debt relief is by getting a loan and consolidating all of your debts into just the one. If you owe $10,000 or less, you may be able to get an unsecured loan – or signature loan – from your bank or credit union to pay off all your other debts. If you owe more than $10,000 you may have to get a secured loan in the form of a second mortgage or home owner’s equity line of credit.

The plus of a debt consolidation loan is that you will have just one payment to make a month and it should be lower than the total payments you are currently making. You will also have more time to pay back the debt, probably 7 to 10 years. Of course, that is also a negative as 10 years is a long time to have to live with that loan.

Consumer credit counseling 

Most cities have consumer credit counseling agencies. If there is not one in your area, you can find one online. In either case, you work with a counselor who will review your finances and help you develop a plan to pay back your debts. This is a form of debt consolidation in that you should end up with a payment plan where you send one check a month to the credit counseling agency, which then pays your creditors. You should be able to complete your plan in 5 to 7 years and become debt free – so long as you don’t run up anymore debt during those years.

Borrow money from your retirement plan

If you have a retirement plan such as a 401(k), IRA or a Roth, you could borrow money from it to pay off all your debts. I know this would be painful because you’ve worked hard to accumulate money for your retirement. But given the state of the today’s economy, you’re probably earning less than 5% on your retirement funds while paying 18%, 20% or even more on your debt. You’ll actually save money by paying off that debt and you’re paying yourself instead of a bank.

A debt settlement program

A debt consolidation loan, consumer credit counseling and borrowing from a pension plan have one thing in common: they do nothing to reduce your debt. In comparison, a debt settlement program such as what we offer can get your debts slashed by thousands of dollars and help you become debt free not in 5 to 7 years but in 24 to 48 months. We’ve helped numerous families become debt free through debt settlement and can likely help you. Call our toll-free number or fill out our form for a free debt analysis so we can start helping you find debt relief.

Do you qualify for debt consolidation?

National Debt Relief
National Debt Relief

National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.

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Moderate National Debt Relief Caller: Charlotte Transcribed WE 1/17/2021 Charlotte: I am calling because I wanted to ask a few quick questions about your experience with National Debt Relief [unclear 0:00:27]. JOSE: It’s good. Charlotte: Now before I begin, I have to let you know that our call is recorded. Can you tell me what actually made you decide to work with [unclear 0:00:40] National Debt Relief as opposed to other providers? JOSE: Good. Charlotte: What made you decide to work with National Debt Relief, as opposed to other debt relief companies? JOSE: Aside from your reviews, I’m guessing the success of the reviews. Charlotte: Tell me about the service and the program that National Debt Relief signed you up for? JOSE: I was able to collect all my debt into one chunk and then pay it off. Also was able to get settlements lower than what the balance was. Charlotte: How easy or difficult would you say the enrollment process was? JOSE: It was pretty simple. It wasn't difficult at all. Charlotte: Now is there anything about the process that you feel could have been improved? JOSE: Not at all. I think everything went smoothly. Charlotte: Perfect. Can you give me a little feedback on your experience with your negotiator? What did you think about your negotiator? JOSE: Negotiator was really firm and fair. Charlotte: Do you happen to remember the name of your negotiator by chance? JOSE: I do not, actually. Charlotte: Okay. Is there anything about that representative stood out [unclear 0:03:04] at all? JOSE: No, not at all. Charlotte: Perfect. How comfortable did you feel working with the negotiator through this process? JOSE: Very comfortable. Charlotte: Perfect. So if you had any questions or concerns, how did the negotiator work with you to resolve any questions or concerns that may have arisen? JOSE: At this point, I really didn't have any concerns at all. So, I mean, been doing a great job. Charlotte: Awesome. So if you were gonna rate your experience with National Debt Relief so far, on a scale of maybe one to five, and five would be that you would recommend to friends and one is you were pretty dissatisfied, how would you rate them? JOSE: Is 5 the highest? Charlotte: Yes, 5 is the very highest. JOSE: Okay. Then we’ll go with 5. Charlotte: Would it be okay if I posted your comments as a review on our public web site for National Debt Relief? JOSE: Yes. Charlotte: I will also send over a link so that you can have it as a record for yourself as well. And I have you at salvipride673@gmail.com. JOSE: Yes. Charlotte: How did National Debt Relief work with you as far as setting up a payment [unclear 0:04:45]? JOSE: They did pretty good. Like I said, I have no complaints at the moment. Charlotte: How comfortable were you with the amount that you were paying? JOSE: Very comfortable. Charlotte: Perfect. Now as far as your thoughts on the cost in relation to the quality of service you received at National Debt Relief, what would you say about that? JOSE: The service team was all right. Charlotte: Now if you were going to rate your experience on a one to five, five is that you would recommend to friends and one is you're pretty dissatisfied, how would you rate them? JOSE: 5. Charlotte: Perfect. Would it be okay if I posted a few of your comments to our website? JOSE: Yes. Charlotte: Now if a friend or a family member were asking you about National Debt Relief, what would you say? JOSE: Really great people to work with. Very quick and easy, very responsive, no issues. Really makes you feel like they’re there for you. So not a scam at all. Charlotte: Perfect. Now about where are you in the process at this point? JOSE: I've already had two creditors resolved already. Pretty happy about that. Charlotte: And of course, our call is recorded.

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