• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

National Debt Relief

National Debt Relief - A+ BBB Accredited Business - Get Relief From Credit Card Debt, Medical Bills And Unsecured Loans

Talk to a debt counselor toll free:

800-300-9550

Get Relief From Credit Card Debt

Medical Bills and Unsecured Loans

  • Apply Now
    • Qualifications
    • Is This Right For Me?
  • Proven Results
    • Debt Relief Benefits
    • Credit Card Debt Relief
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Login
HomeBlog Debt ReliefIs Debt The Dirtiest 4-Letter Word?
Video Transcript

Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
  • National Debt Relief, LLC BBB Business Review
  • McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Is Debt The Dirtiest 4-Letter Word?

December 24, 2012 by National Debt Relief

Woman Holding Past Due EnvelopeThere are a lot of nasty 4-letter words but could debt be the worst? It could be if you’re having a serious problem with it. People who are buried in debt can actually suffer physical problems such as headaches, ulcers, an irregular heat beat, insomnia and even more. For that matter, trying to deal with big debt can literally tear families apart.

Take stock of your finances

Step one on the road back to financial solvency is to take stock of where you stand. This is an area where a spreadsheet program can help. The first column should be your income. This would include your salary (or salaries), any retirement savings, year-end bonuses, interest from investments and any other form of dependable revenue. Your next column should be your debts, followed by the interest you pay on each, the minimum monthly payment required and the day of the month when a payment is due.

It won’t be a pretty picture

When you see your earnings versus your debts, you may be shocked. But at least you know why you’re having a big problem with debt and can start doing something about it. That something is called creating a budget that can help you reduce your spending so you will have extra money you can use to pay down your debt.

Where are you overspending?

Do you have any idea as to how much you spent on groceries last month? How about clothes, entertainment or transportation? You can’t know why you got into trouble with debt until you know how you did it. You’re clearly overspending in some category but which one? You must track your expenses for probably a month and then divide them into the appropriate categories – clothing, food, entertainment, insurance, gifts, transportation, healthcare, household expenses, miscellaneous (those extra large coffees on the way to work) and the like. This should give you a clear picture of where you could make cuts. Most people find that the easiest categories to reduce spending are food, entertainment and miscellaneous.

How much to cut your spending?

How much should you reduce your spending per month? I can’t give you a number as this will depend entirely on your age, your income and your lifestyle. However, a good goal would be to cut it by at least $200 a month, which you could then use to start paying down your debt. Of course, the more the merrier – or the more money you can save, the faster you will get out of debt.

Create goals

Most financial experts say that the secret to sticking to a budget is to have both short- and long-term goals. Getting out of debt is a good short-term goal. Your long-term goal might be to buy a house, educate your children or take a trip around the world. You should be able to see that you’re making progress towards realizing both type goals. This can help you stay motivated. Take the example of getting out of debt. It’s much easier to stay motivated if you can see your debt going down every month and that you’re getting closer and closer to becoming debt-free.

Settle your debts

One excellent way to take the sting out of that 4-letter word debt, is through debt settlement. This is where you contact your creditors and offer to settle your debts in a lump sum and for much less than you actually owe. If you want to do this, you will need to stop making even the minimum monthly payments on your debts for at least six months before you contact your lenders. This is because they are generally not motivated to settle until you have missed that many payments and seem to be on the verge of declaring bankruptcy. You will need to have the cash on hand to pay off any debts you settle and great negotiating skills. However, debt settlement is the only way you can get your debt reduced and it’s why so many American families have chosen it to achieve 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.

Follow National Debt Relief: Facebook Twitter Instagram Linkedin

Primary Sidebar

Consolidate Your Debt!
Find out how NDR could help.
  • Get one low monthly payment
  • Avoid bankruptcy
  • Get out of debt in 24-48 months
Get Your Free evaluation
Free Debt Consolidation Quote
By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
 Trusted By Our Clients

"The reps were helpful. They explained the program to us so th..."

Easy National Debt Relief Caller: April Transcribed WE 1/24/2021 April: Well calls may be recorded. And so with the National Debt Relief, give me a summary about your overall experience then with National Debt Relief. KELI: Honestly, it's been simple and easy. And there hasn't been a negative about it. April: Well, so how was the interaction with, I guess, the consultants who helped guide you through your program? KELI: They were helpful. They explained it to us so that we understood it. Any questions we had, they answered it. April: What point are you in the program at this point or have you completed it? KELI: We are, I think, a quarter all the way through it. April: So on a scale of one to five, where would you rate National Debt Relief, if five star says you'd recommend this to your friends, down to one star meaning you're very dissatisfied? KELI: I would recommend, definitely. April: Okay. So that’s officially a 5 star for you? KELI: Yes. I'm sorry. April: How would you summarize your overall experience at National Debt Relief? KELI: Just the fact that it was easy and everybody was helpful. April: I would like to also utilize your commentary then to help make a review for National Debt Relief. It will be on our public web page to help other consumers, would that be okay, with your permission? KELI: You're going to put it on there? Is that what you're saying? April: Yes. So what we do is we do reviews. And we only use a first name or we can make it anonymous. One of two options. And then out of courtesy, we also send a link to your email so you get to see or make adjustments as you need. So with that being said, is that something that you're okay with, we can make that review and we'll send you a link to it? KELI: That's fine. Can you make it anonymous though? I prefer not to have my name anywhere. April: Yes, ma'am. So the way I'll make it anonymous for you is just we’ll put a K, that’s the first letter of your first name. But with that email, I do have it as seaturtledreams@yahoo.com. KELI: Yes, ma'am.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Keli Dickerson
ConsumerAffairs Reviews

Latest Debt Relief Posts

  • 5 Ways To Get Rid Of Your Debt This New Year
  • How A Minimalist Lifestyle Can Help You To Become Debt Free
  • Learn How To Send A Cease and Desist Letter To Creditors
  • Getting Out Of Debt: The Truth About Debt Reduction In 2018
  • How Bethenny Frankel went from Debt to Success (and a Skinny Girl Empire)
National Debt Relief, LLC BBB Business Review AFCC Top Ten Reviews Gold Top Consumer Reviews Consumers Advocate Trust Pilot
Company
  • About Us
  • Contact Us
  • Blog
  • Careers
  • Corporate
  • Privacy Policies
  • Terms Of Site
  • Disclaimer
  • Sitemap
Products
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Debt Settlement
  • Calculators
  • FAQs
Debt Resources
  • Credit Card Debt
  • Medical Debt
  • Personal Loan Debt
  • Unemployment
  • Divorce Debt
  • Retiree Debt
  • Veteran Debt
  • Business Debt
  • Personal Finance
Follow Us
  • Facebook
  • Twitter
  • Linkedin
  • Instagram
  • Pinterest

© 2021, National Debt Relief, All Rights Reserved.

Disclaimer
Disclaimer
Disclaimer