Debt Consolidation Facts - The Benefits of Living With Reduced Debt
One way to both cut debt and quit future spending is to imagine all of the delicious benefits you will get to enjoy once you are living with reduced debt.
Just imagine how good it will feel: You won't jump when the telephone rings, expecting it to be a bill collector.
You'll have to go to the gym to get your exercise.
You won't worry about opening your mail.
You'll know that your credit card statement will report only what you've purchased wisely over the past month that you intend to pay in full this coming month to eliminate interest.
You'll have to worry about who is going to advance on American Idol this week.
You won't need to skip one credit card payment to make your car loan.
You'll have enough money to pay your bills.
You'll be living on your "Income" -- not your "If-come.
" You won't need to borrow money from friends or family anymore.
There won't be any uncomfortable talks around the dinner table come Thanksgiving about when you might be able to repay the money your cousin lent you.
Everyone will be glad to see you when you come around.
You won't need to endure stress.
You'll be free of money worries for good, and by diligently repaying your debt consolidation loan off, you'll also feel the pride and satisfaction of building a better credit score for yourself.
No, these five benefits alone are not enough to make or break your final decision to take out a credit consolidation loan.
But they are reasons to consider how you will feel in the future as you make progress in dealing with your debt burden.
If you are battling high levels of debt -- whether it is student loan debt, credit card debt, mortgage debt -- you're not alone.
One report at money.
cnn.
com notes:
But it is simple.
There are step-by-step plans that can help you pay off your debts online.
There are free non-profit credit counseling agencies you can call for help (find their telephone number in your local yellow page directory).
There is help offered even through debt negotiation by your credit card companies (beware: this can get tricky.
Don't do it without brushing up on the subject first!).
But, in the end, what you'll want to focus on is the benefits you will enjoy -- freedom from being a slave to your debts, peace of mind, and more money to spend on things you want to buy in the future instead of paying off junk you bought in the past -- by taking the first step to consolidate debt and slash spending now.
Just imagine how good it will feel: You won't jump when the telephone rings, expecting it to be a bill collector.
You'll have to go to the gym to get your exercise.
You won't worry about opening your mail.
You'll know that your credit card statement will report only what you've purchased wisely over the past month that you intend to pay in full this coming month to eliminate interest.
You'll have to worry about who is going to advance on American Idol this week.
You won't need to skip one credit card payment to make your car loan.
You'll have enough money to pay your bills.
You'll be living on your "Income" -- not your "If-come.
" You won't need to borrow money from friends or family anymore.
There won't be any uncomfortable talks around the dinner table come Thanksgiving about when you might be able to repay the money your cousin lent you.
Everyone will be glad to see you when you come around.
You won't need to endure stress.
You'll be free of money worries for good, and by diligently repaying your debt consolidation loan off, you'll also feel the pride and satisfaction of building a better credit score for yourself.
No, these five benefits alone are not enough to make or break your final decision to take out a credit consolidation loan.
But they are reasons to consider how you will feel in the future as you make progress in dealing with your debt burden.
If you are battling high levels of debt -- whether it is student loan debt, credit card debt, mortgage debt -- you're not alone.
One report at money.
cnn.
com notes:
The average American household with at least one credit card has nearly $10,700 in credit-card debt, according to CardWeb.Getting out of debt is no easy task.
com, and the average interest rate runs in the mid- to high teens at any given time.
But it is simple.
There are step-by-step plans that can help you pay off your debts online.
There are free non-profit credit counseling agencies you can call for help (find their telephone number in your local yellow page directory).
There is help offered even through debt negotiation by your credit card companies (beware: this can get tricky.
Don't do it without brushing up on the subject first!).
But, in the end, what you'll want to focus on is the benefits you will enjoy -- freedom from being a slave to your debts, peace of mind, and more money to spend on things you want to buy in the future instead of paying off junk you bought in the past -- by taking the first step to consolidate debt and slash spending now.