Debt Relief Information


Are You Beating Up On Yourself About Debt?


When you hear the word "debt", whats the first thought or feeling that comes to you? For most people debt is "bad" or it becomes the "enemy" and is something that should be avoided like the plague.

Having debt does not make you a bad person. The more a situation is judged as being bad, the worse it gets. It's the judgement that you have around debt, that will keep you feeling "stuck". It's the judgement that brings out the anxiety, the fear, the stress, the knot in the stomach.

It's the old success principle: what you focus on expands. So what are you focusing on? Getting out of debt is an inside job first! What that means is taking 100% responsibility for your debts and admitting to yourself that you have an obligation, and knowing and believing that you will fulfill that obligation, by paying your creditors as quickly as possible.

No one wants to be stressed, or worry about living beyond their means. Most people are very uncomfortable talking about the subject of money and debt. And since the subject of money management is NOT normally taught in schools, where do we learn about it?

From our families, friends, co-workers etc, tv shows. These are people who mean well, and it's been my experience that they are usually passing along information that may be outdated, and no longer relevant for the times that we currently live in and may or may not apply to you and your life. It is THEIR opinions and beliefs.

Once again it doesn't make it a "good" or "bad" thing. The answer is to find a solution that "works" for you and your particular situation. Keep in mind, that once you decide to become debt free, it will become crystal clear that not everyone thinks that becoming debt free is a good idea.

Everyone from your local bank to your grocery store, want you to buy on credit. Realize that "credit" is a tool that can serve you, or NOT serve you. Here are some tips for becoming debt free.

1) Admit that you have debt, and are willing to become debt free. This is the most important step and is part of being 100% responsible, and being open to finding a solution. Without knowing where you are now, you are probably not going to be able to plot out a plan or map to where you want to go.

2) Don't add any more debt. This is all about changing habits, beliefs, and attitudes about buying on credit. Your attitudes about money/credit may have served you up to this point, and the good news is that you can now make new choices that support you. Remember "life" happens and there may be times when you may have to use credit. If this should happen DON'T beat yourself up. Just continue down your path of debt reduction and the ultimate goal of financial freedom.

3) Start to pay off the debt NOW. This seems like an obvious and simple step, and it's simple to do and also simple NOT to do. Afterall we are human beings, and change is not something that we are very comfortable with. Put all your debts on paper, so that you are clear about what you owe. One of the best strategies to debt reduction is the "something-something" principle. Focus on paying (1) creditor off at a time. This will keep your energy concentrated, and your debt reduction efforts will be more effective, than trying to pay off everyone at one time.

4) Take "extra" money and apply it toward your debt. Where can you get the "extra" money? Start to watch where you spend your money. For example: using coupons, or shopping at a warehouse club, can save you thousands of dollars over the course of a year. These savings can be used to pay down your debt quickly and effortlessly.

Keep in mind that your past doesn't equal your future. Look at your current financial situation as a "learning" experience, and an area that you are able to improve on....versus a place that you are judging yourself for a mistake. Many people just like you have been able to eliminate their debt. The good news is....so can you!!!!

©2004 All Rights Reserved

Author Info Box:

``````````````````````````````````````````````````````````

The author, Mario Castagno is the webmaster of

http://www.fcdebt.com,

a resource for debt reduction programs.

``````````````````````````````````````````````````````````


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Reuters

Euro zone to decide terms of Greek bailout exit, debt relief in June
Reuters
Euro zone lenders, Greece's biggest creditors, are also set to decide in June what form of debt relief to grant Greece. The ministers asked the euro zone bailout fund ESM, the European Commission and the European Central Bank on Thursday to prepare a ...
Debt relief talks mar Greek bailout exitEUobserver
Creditors Fail to Reach Deal on Greek Debt ReliefGreek Reporter
Greek Debt Talks Said to Stumble on Bailout Loans ExtensionBloomberg
Finance Appraise
all 19 news articles »


KUTV 2News

Medical debt relief letters are arriving in Utahns mailboxes
KUTV 2News
(KUTV) Imagine opening up your mailbox to learn that your debt has been wiped out! It's a reality for hundreds of Utahns all thanks to an ongoing Get Gephardt campaign aimed at paying off medical bills for pennies on the dollar. Last week we showed you ...



Wall Street Journal

After Troubled AIG, a Maiden Lane Tower Shifts to Consumer Debt Relief
Wall Street Journal
National Debt Relief, which got its start in 2009, helps consumers restructure personal debt, collecting fees for its service. The company signed a lease to take roughly 95,000 square feet of office space at 180 Maiden Lane, which has undergone about ...



Reuters

French PM offers debt relief for railway shakeup
Reuters
PARIS (Reuters) - The French government, seeking to end a rail strike over one of President Emmanuel Macron's flagship reforms, said on Friday it would erase most of the SNCF rail company's debt if plans to make the operator more cost-effective were ...
French government unveils SNCF debt relief plansInternational Railway Journal
French state offers debt relief in return for railway shakeupThe MediTelegraph
French govt offers debt relief in return for SNCF shakeup to end train strikeRT

all 255 news articles »


France can't yet gauge impact of debt relief for railway operator: Finance Ministry
Reuters
PARIS (Reuters) - France's Finance Ministry said on Friday it was not yet possible to measure the impact on public finances of the debt relief the government offered to national railway operator SNCF. Prime Minister Edouard Philippe offered to absorb ...



JD Supra (press release)

CFPB obtains default judgment in lawsuit against debt relief companies
JD Supra (press release)
The CFPB has obtained a default judgment in the lawsuit it filed in October 2017 in Maryland federal district court against two commonly-owned debt relief companies, their affiliated payment processor, and three individual principals for alleged ...



CFPB wins $21 mln default judgment from Maryland debt relief firm
Reuters
A federal judge in Baltimore has ordered a Maryland debt relief firm that claimed to be linked to the U.S. government to pay a $21 million default judgment after the company failed to respond to an enforcement action against it. In a decision on ...



Owen Sound Sun Times

Other candidates' take on tuition/debt relief
Owen Sound Sun Times
Youth Ask Town Hall all-candidates meeting on Saturday at First United Church in Owen Sound. From the left, Enos Martin, the Alliance Party of Ontario; Francesca Dobbyn, the Ontario Liberals; Don Marshall of the Greens; moderator Jon Farmer; Karen ...



The Tribune

Admn provides debt relief to 3700 farmers in Barnala
The Tribune
“During the first phase, 10,129 eligible farmers of Barnala district have already been given a debt relief of Rs 38 crore. If the name of any eligible farmer is left out from this list, he could bring it to the notice of their respective SDM and submit ...



Commercial Observer

National Debt Relief Inks 95K-SF Deal for Relocation Within FiDi
Commercial Observer
A representative for National Debt Relief did not return CO's request for comment. Colliers International handled the deal for the firm, but it was not clear which brokers completed the transaction. The owners of the 1983 tower at 180 Maiden Lane ...


Google News

home | site map
© 2007