If you are in debt and need help, you are not alone. Many people globally are up to debt to their eyeballs because of the crazy and frenetic spending that went on in the nineties and much of the new decade.

When you say to yourself, “I am in debt and need help!” you most likely feel very bad, and feel the stress in your body. Because of your debt problems you are kept on edge and would love to solve these problems immediately.

Being in debt is like having a huge black cloud hanging over you. It does not feel good to be in debt, and you most likely wish that you could be debt free as soon as possible.

Unfortunately, it took a while to get into the debt that you are currently in, and it will take a while to get out of this debt. If you could magically wake up one morning and your debt would be gone immediately overnight, this would of course be the best thing.

When you are troubled  by credit debt issues, debt solutions seem to be a difficult thing to find. It is most likely hard for you to stop using your credit cards, especially if you have no expenses and real emergencies come up for you.

At that point, you wind up deeper and deeper in the debt abyss  and it becomes a desperate, frustrating, and truly alarming situation.

You may sometimes even feel like just saying, “forget it!”,  and giving up. You know, however, that this is not the answer and that finding debt solutions to your debt problems are really the answer.

So what can you do at this very moment , that can set you on your way to getting debt help and finding a solution to your problems with debt?

1. First thing you need to do is getting all your credit cards together, student loans, car payments, and other debts and add these together. It is truly important to know exactly how much debt you are really in so that debt solutions can be found in the foreseeable future.
2. Determine what is the highest interest rate on all of your debts. You are going to want to tackle this first. Make sure that you put everything in order in a very neat and organize way.
3. Little straggler debts like $200 or $500 should also be taken care of first. These little nuisance debts should be gotten out of the way as soon as possible.
4. Put all of your credit cards away in a safety deposit box out of reach. Keep only one card for emergencies. It is worth $6 per month at your local bank to keep these credit cards out of reach.
5. Set up a monthly budget that includes your bills that you MUST pay as well as entertainment expenses. Put an affordable amount away in cash reserves for an emergency. Make as much of a payment that you can on your credit cards to slowly chip away at your debt.  Prioritize entertainment costs, clothes, and other luxuries, and start cutting out some of these that are the least important. Do not totally give up on your luxuries because you will become upset, feel very deprived, and perhaps lose your resolve to get out of debt.

If your debt problems are really severe, it is important that you see a credit debt counselor that is preferably from a non-profit agency rather than one that is for profit.

Good luck in solving your debt problems and getting out of debt for good! Life is much better when you are debt free and have abundance!

1. Filing bankruptcy automatically drops your credit

score by 350 points! This damage is effective

enough to ensure that it will be years before you

can ever establish credit again.

Bankruptcy, chapter 7 or 13 remains on your

report for a minimum of ten years making it

virtually impossible to re-establish credit.

2.  Allowing your credit cards to go into charge

off status when the account is turned over to a

collection agency will also severely impact your

score. Charge off status and collection accounts can

damage your credit score for many years.

3.  Debt in your life can clearly affect whether

or not you can reach your dreams. You cannot realize

your dreams with debt.  Debt simply does not help.

4.  Debt affects your relationship with your family

because you spend most of your time busy working to

pay off your car, your home and child’s college

education.  This time takes away from quality

time with your family, resulting in a negative

affect on your relationship with your family.

Divorce and separation just to mention a few.

5. Debt affects your credit rating. For anything

below the 560 rating, if you filed bankruptcy it

would have a much lesser effect on

your credit rating than if you filed with a rating

better than 700. With a higher credit score, you

might want to look at refinancing your mortgage or

getting a home equity loan  to restructure your debt.

When you have a debt problem or severe debt problems, debt solutions are not going to happen overnight. It would truly be nice if you could just snap your fingers, and suddenly your debt problems would go away overnight. A debt problem is like an albatross, and can truly be an emotional, mental, spiritual and financial burden.

The truth is that  the  problems that we find ourselves in happen over the years, and could have happened through uncontrollable spending, medical emergencies, and job loss.

Many of you are in debt because you did not have health insurance and may have used credit for those situations. Others of you may have spent out of control just because that was the thing to do for a very long time.

The truth, however, is that debt solutions to your debt problems cannot happen overnight, even though life would be so much less stressful without the debt that you are carrying.

Many times you will find yourself in more of a financial jam  than you were before, and that your problems to your debt were not at all solved.

You must be patient, and do your due diligence before impulsively jumping into a program that promises to solve your debt problems overnight. This is not realistic, and you could find yourself involved with some type of debt consolidation or debt settlement scam.

Because our economy is in dire straits, and many of you have found yourselves in extreme debt, with severe debt problems never seen before, you must sit back and think it through slowly as far as how you will actually solve your debt problem.

A couple of recommendations now is to cut up your credit cards and only use these for emergencies. You must also start to live within your means  and on a budget so you do not accumulate more debt.

Look for non-profit agencies to help you with your debt problem, and never pay anyone up front to help you find debt solutions to your debt problem.

Is a debt solutions settlement always the best thing when you are drowning in debt and have extreme credit card debt? Should you really pick up the phone and call one of those companies promising to get you out of debt and save you thousands of dollars so that you will not owe your credit card company those several thousands of dollars owed?

What is the best answer when you are struggling with debt and do not know where to turn? There is not an easy answer to this question, and using a debt solutions settlement company may or may not be the answer to this.

As stated previously in my blog posts, all of you, including myself as consumers must really be aware of what is being sold out there, especially when in comes to credit debt solutions.

I see so many companies that promise the world, however it is truly questionable whether or not these debt solution settlement companies can promise you what they deliver to you without several thousands of dollars out of pocket from you.

You must due you due diligence if you are looking at a debt settlement company to help you solve your debt problems. Remember also, that there are several non-profit debt agencies that can help solve debt problems before looking into a for-profit debt settlement alternative.

Be a smart consumer and research any company that promises you easy debt debt solutions, and do your research thoroughly. There is nothing more important than this as you can save thousands of dollars doing your homework, as well as grief and heartache as well.

1. Acknowledge that you have a debt problem and resolve that you will try to get help to solve your debt problem.
2. Figure out exactly how much debt you are in… everything.. so you know what you are facing.
3. Stop unnecessary spending immediately.
4. Stop using your credit cards and keep one for emergencies.
5. Seek out a non-profit debt counselor to help solve your debt problem.

If you make the decision to get out of debt and solve your debt problem head on, “I am in debt” will not be something that you type in the search engines any longer. Best of luck in getting debt help, solving your debt problem, and living a life of abundance.

Debt help is really about helping ourselves to change our lives. Debt help can only happen if we make changes in our daily life and stop living above our means.

Many of us have gotten used to using our home-equity to finance vacations or have maxed-out our credit cards to buy the things that we want, but do not necesarrily need. After the bank and real-estate crisis in 2008, things have really changed for the worst.

Our credit lines have been cut, and our home are worth a lot less than they were. We can no longer use our home as an ATM machine anymore.

The debt that we all put ourselves into became a habit for many of us. We became used to immediate gratification, and everything was put on credit. We bought what we wanted, and we did not think about the future at all.

Our debt is tied very much to our emotions, and therefore debt help has to be about helping ourselves to get back on track financially by delaying gratification and by becoming more financially responsible.

Maxed-out credit cards and impulse purchases must become a thing of the past for all of us if we are going to be financially healthy now and in the future.

The problem is, however, that you have overspent in December and now you have a huge credit card bill that you will have to contend with. These charges will have to be paid, and get paid on soon so you do not accumulate interest on these expenses.

What can be done?  Debt help is self help, and you will have to help yourself over the next couple of months by not overspending and by cutting back in every area of your life so you can get this debt paid.

Stop the excessive eating out, clothes purchases, and other unnecessary spending and put this toward the debt that you accumulated in January.

Do not cut out every entertainment expense or indulgence however. This will be like going on a diet and then going on a horrible eating binge. You cannot do this to yourself, because you will fail in your attempts to pay your debts.

Prioritize what is important to you, and cut out what is least important. This technique usually works, as you are cutting out the extra fat from your budget without truly depriving yourself.

Best of luck in recovering from your debt and getting back on track financially.

Tips To Solve Debt Problems

Is it possible to help solve debt problems painlessly?  Can you get out of credit card debt and other consumer debt without feeling like you are sacrificing everything? Getting out of debt is not easy, and not 100 percent painless, however, if you really want to stop being a slave to debt, you certainly can.

Read these 10 tips below to help solve your debt problems now.

The first thing you must do is gather your paperwork, and know exactly how much debt you are in. If you do not know this, you must do this now. If you have several credit cards, gather these up and get your statements. You must know how much credit card debt you are in before you can tackle your debt problems. Ignorance is not bliss when it comes to credit card debt.

To help with debt solutions, order all of your credit card debt in the order of interest rate.   You must know this, because credit card debt can grow exponentially, especially with those high interest rate cards.  Order your debt and you will have a much better grasp on what you are dealing with.

Analyze your debt right now. How many thousands of dollars of debt are you in? Is it possible to pay this debt off, or is it overwhelming. If it is over ten thousand dollars and your salary is under thirty thousand dollars monthly, you may need to go for debt help. This is because your debt problems may be impossible to pay off, given the debt problem you have.

If your debts are reasonable and you have the ability to pay off your debt, you need to start paying off debt on your highest interest rates first. Pay the minimum on the lower rate cards and start to pay more on these once you pay off the credit cards with the highest interest rates. Remember that credit cards with rates over 30 percent are a huge burden to you and can exponentially get worse and worse.

Get rid of your credit cards and keep them out of your wallet. Debt solutions and solving debt problems can only happen if you stop using your credit cards. Remember, credit cards are not free money. You have to pay these credit cards off, and you can get yourself in terrible credit card debt if you do not stop spending on these cards. Put the cards in a safe, or give them to a trusted family member. You can even tear them up, as long as you hold on to all of your account information. Do not tempt yourself with these credit cards.

Start putting money away monthly for emergencies. This is a debt help tip that is very important. You cannot be without an emergency fund, because you will start using your credit cards again and continue the vicious cycle. Remember to pay yourself first. This is very, very important as a debt solution. If you want to solve debt problems, start an emergency fund today!

A debt problem is like an albatross hanging over you. You know that you will feel better when you are out of debt. A great debt help tool is a debt diary. Write down your starting point and at the end of each month document what you paid off. This will keep you motivated and give you a great sense of accomplishment as you pay off your debt. Documentation is crucial and you should not neglect this step. When your debt issues are on paper, you will also have clarity and a greater understanding of what you are facing.

Reward yourself at the end of the month after making a dent in your credit card debt or other forms of debt. You cannot be on a total debt diet without giving something back to yourself. When you reward yourself for the debt help you are giving yourself, you will continue to be motivated and will continue to solve your debt problem on an ongoing basis.

Make sure that you have a budget for yourself that you abide by each week. Debt problems cannot be solved if your spending is wildly out of control.  Make sure that you find out what you value and what is important to you when it comes to monthly spending. Cut out the fat and you will be surprised how much more you have to put toward your debt.

If debt solutions seem impossible due to severe credit card debt or other consumer debt, you may want to look into professional debt help. Just make sure that you go to a non-profit debt help agency, since this would be the best way to go. Debt consolidation and debt settlement agencies can be very tricky if you are not careful.

Be patient, as your debt solutions will take some time to get out of. You did not get in debt overnight, so take a deep breath and relax. With commitment and determination, you will solve your debt problems.

Beware of debt consolidation and debt settlement fraud. There are unscrupulous companies that can put you in more debt than you were before. Sometimes what may be perceived as debt help is really highway robbery. The devil may appear like an angel here, so please be careful.

Realities of Credit Card Debt

Here are some ways you can learn to hate being in debt. You should learn to hate debt, because debt is truly an enemy. When you have consumer debt, credit card debt, or any other personal debt you are enslaved to your debtors. Being a slave vs. being free financially is a concept you need to think about. If you learn to dislike debt, you will have a strong drive and determination to get out of debt now and start to accumulate wealth.

1. Remember that you pay interest on your debt. This interest compounds over time, and what may have seemed like a small debt, can suddenly balloon into something large. Interest on debt can add up to more than your original price of the product or service purchased.
2. These interest rates can go up any time, especially on your credit card debt.  On a whim, the bank issuing your credit card can increase your interest rate. Although new laws in 2009 can protect the consumer, the banks still have a say in your credit card debt interest rate.
3. When you are in the red, meaning, “In debt” and you owe money, you are always behind the eight ball.  When this happens, it is very hard to go into the black and get ahead of the eight ball. This is truly not a great place to be, especially if you are in credit card debt with interest rates of over 25 percent. (Not uncommon).
4. What happens when you need money in case of emergencies and all you have are your credit cards to use? This increases your credit card debt even more.  This negative debt snowball can put you in a very precarious financial situation.
5. When you are in debt, you cannot accumulate wealth. It is as simple as that. Debt is the opposite of wealth. Would it not feel good to have a zero balance on your credit cards and pay balances off monthly? You can then save your extra money and begin building wealth. It is truly a great place to be!

In conclusion, credit card debt, or any other debt for that matter is financially stressful. You become a slave to the banks, and lose your financial freedom. You do not have financial freedom when you are in severe debt.

Learning to hate or dislike debt because you know that it takes away your freedom can help you to live congruent to your value system and wipe the slate clean.

Practical Debt Solutions

We are all looking to solve our debt problems nowadays. Personal debt is an issue that many of us are facing and it has not been easy. Many of us had swept our debts problems under the rug, and have not faced the reality and consequences of our debt problems. Practical debt solutions in our everyday life can definitely help us in solving our debt problems.

So what are some practical debt solutions to help us solve our problem of debt? What can we do to get out from under the horrible cyndir block of our credit card debt and other consumer debts?

Some practical debt solutions to solving your debt problems are as follows:

1. Know exactly what your credit card debt, student loan debt, and other debt is. Know the total amount of this debt so you know exactly what you are facing. Put it on a spreadsheet, or just write it in a notebook. However you do it, you must know how much money you owe as well as just how severe your debt problem is.

2.Stop spending money on things you really do not need. This is going to be hard, especially if you are used to impulse buying and purchasing things to help you feel better emotionally. You need to stop spending money in this way as one of your practical debt solutions.

3. Write down everything you spend money on. Have a daily spending diary and you will see exactly what you are spending money on. Clearing the fat from your spending will help put you on the way to becoming debt free.

4. When solving your debt problems you need to have a budget. It is impossible to find solutions to debt if you do not have a budget. Making a budget takes time and it must be concise and well thought out.

5. If your debt problems are severe, seek debt counseling to see if you are a candidate for debt consolidation, debt settlement, or bankruptcy. Sometimes personal debt can be so problematic that it could be impossible to tackle without some type of intervention.

6. Look for non-profit debt counseling such as Consumer Credit Counseling.

Michelle Tee