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HomeBlog Debt Relief6 Good Tips for Getting Your Debts Under Control in 2017
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6 Good Tips for Getting Your Debts Under Control in 2017

January 19, 2017 by National Debt Relief

need to consolidate debtIf you’re having a terrible problem with your debts, it can affect your entire life — including your family relationships.

We know you want to get out of debt, but you’re having a hard time figuring out how to get started.

Well, take heart.

Here are seven good and proven tips that will help you get started and get those debts under control this year.

Tip #1: Learn from 2016

If you’re struggling with debt, the first thing you need to do is learn from last year. You need to sit down and reflect on what went well with your finances, and any actions you took that made things better. Were you able to pay down some of your debt? Were you able to save more money? Were you able to pay cash for a major purchase? And were you able to overcome any financial hurdles?

The reason for this review is to learn what things went right for you in 2016 that could help you set some specific goals for 2017. This means making a list of both your successes and those areas where you came up short.

Tip #2: Review these areas

Step two in dealing with your debt is to review areas where you could’ve improved or done better. You need to think about what changes you could make and why It is you have so much debt. Did you not keep your spending in check? Did you have high medical bills? Did you not earn enough to support a decent lifestyle?

Tip #3: Make some resolutions

Once you’ve figured out why you have so much debt, you’ll need to make some resolutions for doing better in 2017. For example, if you don’t have an emergency savings account, you need to open one. This account should be separate from where you do your normal banking and have no ATM card, so you would be forced to go to the bank’s branch if you want to withdraw money.

While experts say you should have the equivalent of six months’ living expenses in your emergency savings account, you would probably find this almost impossible. Your goal should be three months’ living expenses, but in the meantime try to save up at least $1,000 as this would get you through most financial emergencies.

young man holding empty wallet and booksTip #4: Educate yourself

You may have already learned some things about personal finance through trial and error. But you should also get some books on the subject, subscribe to a magazine like Money or start reading blogs like National Debt Relief. If. If you devote just 15 minutes a day to studying personal finance, you should do much better in 2017.

Tip #5: Learn where you stand

The next thing you need to do is pull your credit report and credit score. This will help you see exactly where you stand financially. You can get your credit report free from each of the three credit reporting bureaus (Equifax, TransUnion, and Experian) or all of them together on the site www.annual credit report.com. You can get your credit score free from sources like CreditSesame.com, CreditKarma.com, and the Discover Card website.

Tip #6: Check out your options

Check out the options for dealing with debt. The first is a debt consolidation loan. If you have decent credit, you might be able to get a personal loan and use the proceeds to pay off all your debts. The advantages to this are that you would have a lower monthly payment than the sum of the payments you’re currently making, and you’d only have one payment to make a month, which should be much easier to handle.

If the majority of your debt is credit card debt, a second option is to transfer all their balances to a new credit card with a lower interest rate. If you still have a reasonably good credit, you might qualify for a 0% interest balance transfer card, which would give you as many as 18 to 21 months interest-free to pay off its balance. This could be enough time for you to completely pay off the debt.

A third option would be to go to a non-profit consumer credit counseling agency for help. If you do this, you will be assigned a credit counselor who will develop a debt management plan (DMP) designed help you become debt free in four to five years. You would also have just one payment to make a month to the credit counseling agency, which would then distribute the money to your creditors.

The final option, which has become increasingly popular over the past few years, is debt settlement. This is where you hire a debt settlement company like National Debt Relief you owe. In fact, in many cases a good debt settlement company can get your debts reduced to a fraction of what you owe. Plus, you would then have only one payment to make a month, which again should be less than the sum of your current debt payments.

More tips for controlling your debts

If you’d like more tips for managing your debt, here’s a video you should watch.

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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