Credit Counselling about Debt Reduction

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Credit Counselling about Debt Reduction
Credit Counselling

Interested in become a credit counsellor and helping free the captives to the salvery of debt - you know - having to go to work to pay the ever increasing spirialing debt. Here is some wisdom to share with your friends: -

Debt Management

A world run on credit is what we are witnessing. The US government took a couple of hundred years to accumulate the first trillion dollars of debt. Now it is only a matter of a few years and another trillion is added to the national debt.

This is a serious issue. It is due to the ‘open circle’ mentality that pervades modern day society. We don’t like limits, restrictions and boundaries. Most people live to the limits not of their income but the limits of their multiple credit cards, their large credit lines on their houses, store cards, car leases, personal loans etc etc...

Being a psychologist I witness this over extension of the limits not only with our money but with our time as well. Generally we are a society where we break our budgets for both time and money which has a devastating effect on our social lives, our family lives and our spiritual and emotional well being.

There is an interesting scripture in Matthew 5 (a chapter in the Bible) and it states that ‘The meek shall inherit the earth’. What does meek mean? It basically means to live within the limits. To schedule what your time with some margin left. To budget with some margin. This means you have some resources not only for your own peace of mind but so you have the time and money to help others.

A Credit counselling debt solution:

Make a list of all debts and list them smallest to largest. Apply 5-10% of household income and then adding that amount to the lowest debt.

Once the debt is paid then take this extra amount as well as the previous minimum payment and apply that to the next debt on the list.

Continue to apply this strategy to every debt on the list.Within 5-9 years you will be able to eliminate every debt including your house mortgage.

The other possibility to is to refinance your smaller debts with the equity from your house or your investment property.

However if you choose to do this then you need to ensure that you take the minimum payment you used to pay on the debt you consolidated and pay that off your mortgage.

You will also need accountability partners so here are a few pages off my site http://www.creditcounselling247.com where you may be able to find someone

So I hope you will join me and become debt free. I want to be totally debt free within the next few years. Why? Well imagine the good we can do if we apply those interest payments that were lining the coffers of the banks and give them to charity (http://www.mannarelief.org - is my faviourite - watch this space for what they are doing with the aids orphans in Uganda!! Or simply check their site out!!)

I have a very successful home business. For people who have found themselves in debt Network Marketing is one of the easiet, most cost effective ways to get involved in business. This is also another way in which you can accelerate your debt reduction is simply to earn more income above your normal current income and apply that not to your lifestyle but to your debt reduction. Check out my new site www.networkmarketingconsultant.com to learn more about this business. Or subscribe to my ezine at http://www.homebasedwellnessbusiness.com/nexttrillion.html to learn about the 5 principles you need to find in a business in order to be successful.

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Burdened with Debt?

Too many debts? Having trouble paying your bills? Are you worried about losing your home or your car?
You're not alone. Many people face a financial crisis some time in their lives. Your financial situation doesn't have to go from bad to worse. If you are a homeowner why not look to release the equity tied up in your home, Why not consider a Debt Consolidation Loan to consolidate all your debts into one monthly repayment?

If your objective is to reduce interest rates and lower your monthly payments, avoid bankruptcy, consolidate your bills and have one monthly payment, or simply get out of debt the fastest way possible, then a debt consolidation loan could provide the answer. Check out credit cards after bankruptcy

Are you paying out too much every month for your credit cards, store cards and loans? Then why not replace them all with one, lower, convenient repayment through a consolidation loan? Or a secured credit card?

Consolidation loans can give you a fresh start, allowing you to consolidate all of your loans into one - giving you one easy to manage payment, and in most cases, at a lower rate of interest.

Secured on your UK home, low cost, low rate, cheap, low interest debt consolidation loans can sweep away the pile of repayments to your credit and store cards, HP, loans and replace them with one, low cost, monthly payment – one calculated to be well within your means.