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Are you tired and frustrated not knowing where to turn to for help with debt relief for your current debt situation, and been contemplating bankruptcy or other evasive measures regarding your troubling finances?  I have great news for you there’s real help out there.  This article explains personal and additional actions you can take right now to help yourself receive the debt relief you require, and that can set you on the path towards personal financial freedom from your current debt circumstances forever.


     Debt relief actions on a personal level you can take right now to help yourself move in the direction of achieving financial freedom are shared in the following paragraphs below.  These actions require you to be very proactive, disciplined, and consistent.  Everyone needs accountability, direction, and encouragement while pursuing debt relief, this can be achieved through a personal credit counselor which will be discussed later on in this article.   

     The first personal action step is to track your own spending by creating a personal budget by capturing every segment of your incoming and outgoing expenses.  The advantages to creating your own budget its free and will enhance your awareness of where your money is going.  Yes, it can take some time and you may forget to log in some expenses.  Though you can find a trusted family member or friend to help keep you accountable.

     Second personal action step is find either a decent free budgeting software or a moderate priced one.  You want to find one that works for your personal financial situation and one you understand how to use.  If you have internet access you can use your mobile phone, tablet, iPad, and Desk Top computer to access Google Play Store, and run a search for personal budget applications.  You will need to do some research online at home or a local library, and college if you live near one in case you don’t have a computer at home.  Depending on your financial circumstances budgeting software is made for the basic user all the way to the more advanced requiring training.  The use of budgeting software helps keep you financially responsible.

      Third personal action step, if you own a home you could look into the possibility of refinancing your home to receive a lower interest rate, and monthly mortgage payment.  Having a lower mortgage payment, you could apply the extra amount into an emergency savings account, by including a portion into your debt payments of your lowest debt amount due, then snowballing the other debts you own.

     There are several alternate debt relief options you can choose from that will help you if you take the time to carefully consider them based on their potential outcomes.  The alternate debt relief options include finding a trusted Credit Counseling agency with certified credit counselors, establishing a Debt Management Plan, and applying for a Debt Consolidation loan with additional information of the Pro’s and Con’s of each.


The first alternate debt relief option is to schedule an appointment right away to speak with a credit counselor at a local non-profit Credit Counseling agency near you.  These non-profit Credit Counseling agencies are great because you don’t have to pay anything for their services.  This helps you save money while receiving professional certified advice that assists in advising you on basic financial knowledge skillsets to reduce your debt and establish a personal doable budget.  This debt relief service is not a get out of debt quick option instead will require several appointments to go through your financial situation and provide you with a plan of action that works best for you.


     Keep in mind these helpful insights as you pursue this debt relief option of seeing a Credit Counseling representative.  These insights will help you make the best possible decision regarding this option. 

First, investigate:  Research non-profit Credit Consumer agencies by asking family, trusted friends, or simply going on the internet to get referrals, and checking out reviews of other people’s experiences with different Credit Counseling agencies.   Make sure you get a company that provides certified counselors.  I remember a little bit reaching out to Consumer Credit Counseling Services (CCCS), several years ago a nation-wide non-profit Credit Counseling agency provided me great insight into my financial issues at that time. 

     Second, be receptive and proactive:  The credit counselors will tell you like it is with your debt and financial situation without sugar coating anything, so be prepared to receive the truth of your finances.  A great counselor examines your goals and financial ability prior to advising you on a budget.

     Third, be patient and persistent:   Remember it took awhile to get into the debt you’re in or not yet remain patient and persistent in your path to becoming debt free.  A lot of customers fail to complete the program and not paying off their remaining debt owed, encourage you not to be those persons.

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     The second debt relief option is a Debt Management Plan usually established with a Credit Consumer Counselor.  The concept of a Debt Management Plan is to reduce your debt by lowering interest rates and fees and lowering monthly payments.  Once this is set up you would guarantee to pay back the full principal over a period of time.  Your balances from credit cards and other sources of non-secured credit are better managed. 

     The are several good points in choosing this option to help you in your quest for debt relief. 

     The first benefit of a Debt Management Plan is its structure you make one monthly pay out on combined debts, enabling you to manage your finances more better.

      The second benefit of a Debt Management Plan it will help over time in reestablishing good standing on your credit report.  The results of you maintaining timely payments on this plan will help restore your credit score.

      The third benefit of a Debt Management Plan is the Credit Counselor will provide your assistance in establishing a realistic personal budget that will likely enhance your knowledge of personal financial management.

      Keep in mind these helpful insights as you pursue this debt relief option of a Debt Management Plan:

      First, depending on the amount of debt you have going into this option will determine how long it will take to pay off all debt.  Usually takes between 3-5 years to eliminate all debt.

      Second, the cost there’s typically a registration and maintenance fee.

      Third, be careful not to drop out of the program after starting, you will no longer receive the deep discounted rates made by companies you owe.  The interest rate will increase and could possibly face late fee payments.

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      There’s the option of Debt Consolidation, I personally would be very careful of selecting this option because most times you may end up paying the same monthly payment or higher once the process is complete.  Granted the advantage of working with a Certified Credit Counselor a lot of times there’s good possibility they can find you the lowest monthly payment, since they have experience coordinating with lenders.

     Things to keep in mind about Debt Consolidation is that not everyone gets approved from a lender for these loans, especially if your credit score has been affected by your debt history.

     Be on the look out for fees, ensure you read the fine lines of the zero-percent balance transfer credit card.  There could be unclear fee or pay off period of time deadlines you would have to meet. 

     Using Collateral for securing this type of debt relief, be very careful of secured loans that put your home, car, or other material possessions at risk if you default on your debt consolidation loan.


     Another option of Debt Relief is a Debt Settlement.  In this option the company you have a debt with agrees to less than the total due amount in return for a lump-sum payment from you.  Be careful with this option because the lender will put on your credit report “settled for less than agreed’’ or “settlement accepted’’ for seven years.  (Fay, 2018) I personally have gone through a debt settlement with a credit card company several years ago.  I owed from what I vaguely recall approximately $4,800 total balance, I called the company I owed and requested a debt settlement and was approved.  I believe I ended up paying $1,200 or something, yet the company put on my credit report settled for less than owed which affected my credit report.

     There’s the option of filing for bankruptcy yet personally I believe you must do everything within reason in your life to resolve your debt problems without using this as an option, it affects your life and credit for up to 10 years. 

     There’s several avenues to decide upon to help you achieve the relief you need from your debt.  Important to keep in mind those options mentioned above that will help you not only for the short term, yet for a life long without negatively affecting your abilities in the future.  Take a moment to carefully consider each option especially those beyond you can achieve on a personal level without the professional assistance of a certified Credit Counselor.  I know it’s never easy going through something like this yet you can overcome your debt in order to LIVE THE LIFE YOU ARE MEANT TO LIVE. 


1.  Fay, B. (2018, March 27). Debt Relief Options. Retrieved April 7, 2018, from

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