Finding Unsecured Debt Relief Help

By Guest • May 12th, 2009 • Category: Debt

It should come as no surprise that people from all walks of life are in debt.  The Federal Reserve Bard estimates that 44% of all Americans are in debt, although some critics think this number is actually much higher.  With all of these people mired in debt, there is a great need for debt relief solutions.  Here are the most practical debt relief solution tips given to you from a former homeless person.

Keep Your Eyes On The Prize

Figuring out your current finances and taking proactive steps to manage your money takes time, dedication and nerve.  The best debt relief solution advice I can give is this – debt will not go away on its own.  Don’t expect to win the lottery or have your credit card company suddenly get blown to kingdom come.  The sooner you deal with the problem, the sooner you will be on the road to a debt relief solution.

The journal can show you right away where to curb unnecessary spending and save money.  When you keep the journal, you also need to be aware of all of the fees on your bills.  What is your bank charging you for using your ATM card?  Are there any “mystery calls” on your phone bill that you were billed for?  Are you paying for services that you never use?  Debt relief help could be as close as your most recent bill.

Keep Only One Credit Card

Credit cards are probably why you need debt relief help in the first place.  For every legal adult in the household, they should have no more than one credit card.  This should be a major credit card like Visa or American Express – NOT a department store card.  Department store cards are rip-offs that charge double-digit interest rates and only are worth it for people who shop only that particular store.  If you own a business, then the business owner of the house could have one personal and one credit card that no one else in the house can use. 

Take Inventory

Look around at what you and other household members have.  Are there clothes in closets that still have tags on them?  Big debt relief help – no more clothes shopping for a couple of years.  Are you subscribed to magazines you don’t have time to read?  Cancel them.  Do you need the latest gadget as soon as it comes out?  Prices for everything drop considerably six months or more after a product comes out.


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