Feeling overwhelmed by debt? You’re not alone. In a recent episode of the Stacking Benjamins podcast, National Debt Relief’s Chief Compliance & Consumer Affairs Officer Natalia Brown shares insights on how to resolve debt and build a better financial future.
Hosts Joe Saul-Sehy and Josh Bannerman pose the question, “What’s the best way to manage mounting debt?” While bankruptcy often comes to mind, Brown explains why it shouldn’t be your first option. Before taking such a drastic step, there are many strategies to resolve debt that could work better for your situation.
The episode highlights red flags to watch out for when seeking debt relief. Be wary of companies that:
- Want money upfront
- Promise too much
- Don’t offer financial education
- Have few reviews or bad reviews
- Try to sell things before explaining how they work
Brown shares how legitimate debt relief programs work, explaining that National Debt Relief often helps settle debts for up to 46%** of the original amount and can help you get out of debt faster than just making minimum payments alone.
The hosts and guest also share simple steps to tackle debt:
- Write down all your debts and expenses.
- Make a separate savings account for debt payments.
- Call creditors to discuss your options.
- Consider debt settlement if you struggle to make minimum payments.
- Focus on building good money habits long-term.
Perhaps most importantly, the episode stresses that getting help with debt isn’t a sign of failure—it’s often the first step to a brighter financial future. As Brown notes, “There is a long road to get out of debt… but you can restart building your finances much sooner and put yourself on a path to homeownership or whatever your other financial goals are.”
Want to learn more about how to resolve debt and build a better financial future? Listen to the full episode for detailed insights and practical strategies you can start using today.
** On average, past clients who were able to complete our program and had all of their enrolled debts settled realized an approximate savings of 46% before fees, or 25% including our fees, over 24 to 48 months. All claims are based on enrolled debts, and not all debts are eligible for enrollment. Estimates are based on prior results. Your individual results will vary based on your specific circumstances. Not all clients complete our program for various reasons, including an inability to save sufficient funds. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors, provide tax, bankruptcy, accounting or legal advice, or provide credit repair services.
