Infomediaku.net |Personal debt management Guidance : how to Get relief For Your unsecured Debt
Are you trying to overcome personal debt? Are you having difficulty keeping track of your monthly bills? There are so many people struggling with personal debt management these days, so know that you are not alone. Some people even resort to filing bankruptcy. If you don’t think you want to go that route, then you’ll have to come up with a way to organize all of your finances and figure out the best way to pay them, and then decide if you need professional assistance.
No matter what you ultimately decide to do, you must first make a list of every single debt you owe, no matter how small or large, and include as many details about each item on the list as possible: name of company, current balance, minimum monthly payment, how far behind you are, how much interest you owe, due date each month, etc. It also helps if you have copies of all 3 credit reports, which you are allowed to request for free once a year.
Do whatever you can to make payments on time. If you currently owe money, interest, and late fees because you got behind on any payments, the amount you owe is going to continue growing until you finally make a payment. One of the reasons why many people require personal debt management assistance is because they get behind on payments and have difficulty catching up. Some people are never able to catch up and have to file bankruptcy or let their accounts default, which will ruin their credit for years to come.
Personal Debt Management Options
Some less drastic options to consider include working with the creditors to develop a new repayment plan, getting a consolidation loan, and trying to get settlements. There are professional services you can obtain if you feel too intimidated to try some of these solutions yourself.
In order to join one of these programs, you’ll need to meet a few requirements. Some of them will only accept individuals with at least $5,000 – $10,000 in unsecured debts. Check to see which companies are in good standing with organizations such as the US Chamber of Commerce and have accreditation with the IAPDA and AFCC.
In addition to secured debts, these programs cannot help you with utility bills, lawsuits, government loans, mortgage, etc. If you need some tax relief, however, there are some debt settlement / management programs that can help you with that.
One company that can really help you with your personal debt management is CuraDebt. Reviews are overwhelming positive. CuraDebt is also in good standing with the AFCC and several other debt relief organizati
By George Botwin