Wanted, Debtbusters

2007-03-08 10:33:40

( Financial )



You can be debt free. Yes, that's the truth. No matter how deep you are in debt, with discipline and the right know-how, you could be on your way to becoming a debtbuster yourself. Debtbusters are people who have fought debt monsters, have defeated them and have set themselves free from financial obligations through debtbusting financial habits.

Loan consolidation
The first step is to apply for a loan consolidation. Student loans, credit card bills and all the other unsecured loans you have accumulated through the years can be paid for a longer paying period or at lower interest rate if you apply them under a loan consolidation plan. A loan consolidation agency will negotiate with your creditors in your behalf, once you pass their qualifications. Make sure, however, to stick to paying on time once your application for loan consolidation is approved.

Trim the unessential
By living simply until you're debt free, you can set aside some money to pay off your loan. Debtbusters swear by switching down to more basic subscription plans for cable or cell phone services among other things to trim down monthly expenses. Planning ahead your grocery list or setting regular trips to the ATM also proves successful in regulating cash outflow. Avoiding spur of the moment or impulse credit card purchases are other debtbusters' habits. Or simply cooking at home instead of dialing delivery can save up some money.

Seek professional advice
Consulting with credit specialists is another resort. Their professional understanding of what's besetting your financial status could give you sound sleep and peace of mind. They could simplify your money problems and provide options so you can become debt free.

Don't lose hope. Stay on the plan you have chosen to become debt free. Even small steps can bring you closer to the path of becoming a debtbuster yourself.


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