Tuesday, May 6, 2008

Next In Line: Debt Assistance

Here is another article that appears on our newly launched site:

Debt Assistance. Reduce Debt & Save Money
by L. B. James

A debt assistance provider may be able to get you back on
your feet again if you feel bowled over by your debt. Before
you make the leap into debt assistance, though, consider
whether or not you can get out of debt on your own.

Consider A Second Job

The easiest possible way to reduce your debt quickly without
resorting to debt assistance is to acquire a second job.
Earmark your earnings on your second job to getting out of
debt. Apply the savings toward the debt with the highest
interest first, then the next highest interest rate, etc.

If you don't believe you have the time, strength or energy
to work a second job away from home, consider working your
second job in the comfort of your home. With a high speed
internet connection, many jobs such as web designing and
copy writing can be done at home.

Selling What You Have

Look around your house and consider what you could sell, and
apply the proceeds of sale toward reducing your debt. Maybe
you have a collection of some knick-knacks or childhood
merchandise that you could easily sell on craigslist or
eBay. You may even try the classified ads in your local

Having a garage sale could be a second option. You may be
pleasantly surprised at how fast you can make hundreds or
even a thousand dollars by selling your excess items and
possessions. The same applies here as with the second job:
be sure to apply all funds from the sale of these items and
articles to debt reduction. These proceeds are not a
windfall; they are a means of providing your own debt
assistance so you can reduce the heavy load of debt upon
your life.

Credit Counseling

If these subtle efforts are not enough to get you out of
debt, or at least reduce it considerably, then credit
counseling is the next option of debt assistance that can
start to make a difference in your life. A one-on-one
meeting with an experienced credit counselor will help you
with resources you need to manage your debt and your
finances. You will learn how to set up a budget, perhaps for
the first time in your life, and how to stay to it.

Together, you and your credit counselor will set up a debt
management plan that includes all your creditors and all of
your debt. The plan will leave you with enough money so you
don't feel too deprived. That way you will be able to stick
to the plan over the months or years that it takes to
conquer debt.

Be Patient

This kind of debt assistance has been proven to work. To get
all their debts paid off, it typically takes an individual
up to six years . Don't incur new debt while you are
undergoing debt assistance. It will only prolong the

We will post new articles here several times per week. This week we are concentrating on the new site, Debt Reduction. Check out the site at www.freeinfodepot.com/debtreduction and be sure to check out our main site www.freeinfodepot.com

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