Debt Resolutions

Getting into debt is always easier than getting out and it can be really frightening when you get all of your credit card and loan statements in the mail, but it does not have to be. There are certain ways to both reduce your overall debt and cut your spending without feeling overwhelmed. We want to help our readers in any way possible. We have compiled a list of simple and easy ways to regain control of your debts quickly and be on the road to financial freedom.

Budget
There is no magic way out of debt, but making sure that you write up a budget - and stick to it - is one of the best ways to keep your finances in check. Learning to stick to a budget is a great discipline that will help you to save money during more lucrative times and will also get you through those tighter months.

Try To Get a Lower Interest Rate
Most consumers do not realize that getting a lower interest rate on a long-standing credit debt could be a very simple thing to do. If you want to pay off your cards quickly, then you might try calling each of your creditors and requesting a lower interest rate. Do not be intimidated, creditors get these calls all the time. Remember, the worst thing that could happen is that they say no.

Minimize Spending
This should be obvious, but we will remind you nonetheless. In order to cut major debt out of your life, you need to stop spending more money than you have. Make a list of the things you spend the most money on, and see what you can sacrifice. If you can cut out even just a hundred dollars of spending a month that is another hundred you could put towards reducing your total debt.

Consolidate
Consolidating your outstanding credit card debts will allow you to put all your credit card payments into one. This can help you out significantly, because not only will your interest rate likely go down, but you will also have the convenience of having only one bill. However, you will probably need the help of a debt management company Rapid Debt Resolution to assist you with the consolidation, as it can be quite complicated.

Debt Settlement
If your credit card debt really gets out of hand then you might consider reducing it through a company that offers debt settlement services. They will take the job of calling your creditors to negotiate on your behalf and settle outstanding balances for less than what is owed. This option is widely accepted and used, but is most convenient for those facing heavy collection activity with outstanding balances of $10,000 and above. Utilizing a professional settlement company like Rapid Debt Resolution can also help you to become completely debt free in as little as one year.

Don't Be A Victim

Options

Just recently, Congress supported a federal bailout of banks and corporations, giving them billions of dollars to assist them with their financial burdens. With that money, banks and creditors were supposed to help consumers mired in debt, but there has been none of the promised trickle-down effect.

Instead of helping, the banks and some legislation are making it harder for average people to get out of debt, with no bailout in sight. In fact, Hawaii, North Carolina and South Carolina have already taken action to limit consumers’ rights to seek help for settling their debts.

The past two years have seen families struggle more and more with personal debt, with rising interest rates on credit cards and assets losing value. Now more than ever, families need more options to reduce their debt so they can settle outstanding balances and begin to restore good credit.

Other than debt settlement and debt management, the only choices available to overwhelmed consumers are either to continue to pay high interest rates on seemingly stagnant balances while being harassed relentlessly by credit card companies, or to file for bankruptcy and further damage credit for years to come.

You Must Be Proactive

Though the banks were handed assistance from the federal government, they have shown no willingness to reach out and help you. As a struggling consumer, you must make the choice to contact a reputable debt resolution company so they can be your advocate.

Rapid Debt Resolution has extensive experience in the industry and well-established relationships with creditors. While they certainly value these relationships and strive to maintain them, in reality Rapid Debt Resolution works only for the consumer to expertly negotiate terms to reduce the balance that you owe.

Reduce What You Owe And Become Debt-Free Faster

While there have been attempts made to limit citizens’ access to credit card debt reduction experts, the truth is the average American would be robbed of his or her only chance to reduce high-interest credit card debt – and the chance to finally get ahead. Without the benefit of debt settlement, many Americans would be unable to save for the future and continue to struggle.

If you have ever considered using a debt settlement or debt management service, now is the time to contact Rapid Debt Resolution for a risk-free consultation so you can start on the path to debt-free living. Debt settlement and debt management are the fastest form of debt reduction, with terms negotiated specifically to fit your own financial situation.

Banks and creditors continue to work against consumers, but Rapid Debt Resolution can be your advocate.

Click Here to find out how.