Chances are good that you’re not solely responsible for your growing debt burden. From an unexpected job loss to a sudden death in the family, circumstances often conspire to produce unexpected financial strain or expenses that force borrowers to use credit cards, take out personal loans or open home equity lines of credit.

However, it’s crucial to get a handle on debt before it spirals out of control. If you feel like you need to reduce the size of your debt obligations but worry that it would be too costly or painful to fix, remember that credit management doesn’t have to be an unpleasant process. Follow these tips for low-stress debt help that can put you on the right path to debt relief.

Reduce Your Non-Essential Purchases

Lowering your spending doesn’t have to hurt. Over the course of a month, catalog all the non-essential purchases that you make with cash or credit cards. Using this figure, set achievable spending goals for each subsequent month. If you can reduce what you spend on non-essential items by 10 percent per month, you’ll quickly find more room in your budget for your debt reduction efforts.

Celebrate Small Victories

While you’re welcome to set a long-term goal of becoming completely debt free, you should celebrate some milestones along the way. Each time you pay down an outstanding credit card balance or settle a past-due medical bill for good, reward yourself and your family with an inexpensive but meaningful treat.

Get Creative with Your Income

Even if you earn a fixed salary, you can boost your income in creative ways. It never hurts to look through your garage, basement or attic for hidden treasures that you won’t need in the future. Selling even a fraction of your old equipment or antiques could net a sizable sum. Leveraging your creative or practical skills to pick up side gigs could be lucrative as well. You owe it to yourself to examine a variety of options to help yourself with debt.

Don’t Take Out Debt Consolidation Loans

While it can be tempting to take out a debt consolidation loan to pay down your existing debts, financial experts have said that these credit vehicles rarely work as intended. Instead, they may actually increase your debt burden and hurt your credit score.

Turn to a Credit Management Company

These four pieces of advice can buy valuable time in your struggle against debt. Over time, they may even be able to eliminate your obligations altogether. If you need a little extra debt help, however, don’t hesitate to turn to a trustworthy credit management company that specializes in negotiating with credit card issuers and other lenders. Your credit management ally may be able to secure lower interest rates, waive fees and consolidate your debts into easy-to-remember payment plans.

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Get Help for Debt

When you need help with debt, asking for help from the professionals is only the first step towards getting out of debt.  Debt consolidation provides a reliable way for you to pay off your debts without hurting your credit score. With a professional debt counseling service, you’ll have a financial partner so you won’t have to manage and minimize your debt alone.

How a Debt Management Plan Can Help

Consolidating your debts through a debt management plan from a company like CreditGuard of America is effective because it leverages the strength of an organization dedicated to helping you succeed. With the right debt consolidation provider, you can get lower interest rates with your lender, which in turn will help you pay off your debts much more quickly. All you need to do is pay a low monthly fee during the course of the payment, and you could end up saving thousands just on interest costs alone, depending on the size of your debts. The fact is that you could pay off your debts decades sooner than if you just made minimum payments each month.

The Long-Term Impact of Debt Consolidation

In the long run, debt consolidation is one of the most effective tools for debt management there is. While severe courses of action like bankruptcy can stain your credit score for the rest of your life, consolidation has no impact on your credit. Not only that, but it can actually help you improve your credit by helping you pay off your debts sooner and more regularly. As your credit score rises, you will be eligible for lower interest rates on credit cards as well as on major purchases like a vehicle or a home. Finally, when you don’t have to worry about servicing your debts every month, you can put that money toward savings and investments to build wealth and create a sound financial foundation for retirement or college funds for the kids.

Getting Help with Debt

Another benefit of a debt management plan is that it often is paired with credit counseling sessions. A counselor will sit down with you and go over your budget to help you cut out unnecessary expenses. They will show you how to save money, so you won’t get into debt again. It is not enough just to get out of debt – you have to stay out of debt as well. With a counselor’s advice, you will be able to manage that and improve your financial situation in both the short and long term.

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Debt Relief Made Easy

It’s easy to find yourself under a burden of debt. Loan payments, credit card payments, and mortgage payments can all add up and seem impossible to stay on top of. So why not find a way to make your life easier and give you peace of mind with your finances? Why not find an effective means of debt relief?

If you find yourself feeling stressed from debt and financial struggles, then you owe it to yourself to take action with a proven solution like debt consolidation.

What Is Debt Consolidation?

Debt consolidation is handled by non-profit services whose main goal is to assist clients in paying their debt more quickly. They do so by combining all of a client’s debts into a single payment. When you agree to this payment, it is not a new loan, and it will not show up as a ping on your credit report. The consolidation provider will then make monthly payments on all of your credit cards, so you don’t have to worry about them.

Many clients report thousands of dollars in savings when it comes to consolidating their debts. In the debt relief process, consolidation providers contact creditors and banks to negotiate the terms of your credit card agreements. You can get lower interest rates and have your fees waived as a result of this negotiation. Debt consolidation providers have this clout because they do so much business with the bank, producing a more effective outcome than if you called and asked for a better deal yourself.

Because most debt consolidation services are non-profit organizations, they are committed to improving people’s financial health. Many are community-based, and they are not looking to turn a profit. All the savings get passed on to you so you can pay off your debts with ease. You may even pay off your credit cards as much as six times faster.

So what’s there to think about? For debt relief made easy, a debt consolidation program is the way to go.

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What is debt consolidation? The answer to the question may surprise you. It turns out that debt consolidation is one of the key methods used by hundreds of thousands of people across the United States to manage their credit stably and affordably.

Debt consolidation is a mainstream tool that enables families and individuals with debt difficulties to get better deals on interest payments, reduce penalties and fees for late payments and ultimately build a good budget and live within their means. If you think that debt consolidation is for you, read on to understand just how it works.

Details about Debt Consolidation

The average American has at least $10,000 in credit card debt, which can cost hundreds of dollars per month to service at minimum monthly payments. Minimum payments often barely cover the cost of interest, which means that people may be stuck paying off their credit cards for decades.

Chances are that you don’t want to spend that kind of time. Debt consolidation from a company like CreditGuard of America has led to thousands of dollars in interest rate savings over the life of individuals’ loans as well as freedom from debt as much as six times faster than simply paying the monthly payments.

It works by having the debt consolidators negotiate on your behalf with credit card companies, student loan providers, banks and other lenders. The debt consolidation service gives its implicit protection and assurance that your debts’ payment will be made, which reduces the level of risk for the bank and allows it to change the interest rate on your loan, waive any fees and simply create better lending terms in that way.

The debt consolidation provider sometimes takes a small cut of the reduced interest rate but generally passes on all the savings to you and your family. When you sign up for a debt consolidation account, you will make a low monthly payment representing this lowered interest rate.

In return, the provider will automatically make monthly payments on all of your debt, ensuring that payments are made promptly and in full. This will improve your credit score, which will save you lots of money on big-ticket items much further down the line.

As more and more people use debt consolidation as a mainstream financial tool to get the best possible deal on their credit card debt, more and more money will be saved and debts will be reduced faster than their holders ever thought possible. If you think debt consolidation is for you, give a non-profit service a call today!

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Military families face difficulties with expenses because they have unique challenges. Families often must spend money to relocate and make adjustments in spending to meet higher living expenses. Active-duty military must continue to meet their loan obligations due to the ethical policies of the military. Some families try to buy their homes, but spending money on closing costs and marketing homes after unexpected transfers could put additional pressures on family finances.

How Debt Consolidation Helps Service Members

Debt consolidation from a company like Credit Guard can help all types of families get out of debt, but debt relief can be especially welcome to members of the armed services who must continually meet their loan obligations. Although active military personnel qualify for lower interest rates because they pose a smaller risk of defaulting, credit card debt can still be expensive. Interest rates make up most of minimum monthly payments, and if people only pay the minimum each month, then their balances remain high for years.

  • Armed services members have predictable salaries and few chances to earn extra income.
  • Debt consolidation programs negotiate with creditors to fulfill loan obligations ethically and legally.
  • Each client of a debt consolidation service gets credit counseling and a dedicated counselor who will help to negotiate for the client.
  • Counselors convince creditors to lower interest rates and consolidate unsecured debts into one monthly payment.

Stretching Military Family Incomes

Stretching military family incomes is easier when you don’t need to spend large amounts each month just to pay interest charges. Ways that active-duty families can save money include the following financial strategies:

  1. Buy products from the commissary. Single service members can save about $1,000 per year on retail prices, and families of four save an average of $3,000.
  2. Exchange installations offer to meet any prices that are advertised locally, so military families can find savings by researching prices in their communities.
  3. Living in military housing has become more comfortable in recent years due to improved quality-of-life upgrades and the privatization of services.

Saving for Emergencies and Other Goals

Most military families do good jobs of living within their means, but unexpected expenses can cause people to use high-interest credit cards in emergencies. The best defense is a proactive attitude that service members can take by saving money in an emergency fund. Put aside money each month until the account can support your family for six months. You can use your monthly savings from debt consolidation to build an emergency fund, save for retirement and meet other family goals.

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