Call Us Today! 1-877-570-1313

What’s The Best Way to Find Debt Help?

Debt is like The Blob in the old horror movie – it slowly rolls over your entire life and eats away at your ability to do anything because it just grows and grows. There are several ways to get out of debt but there usually are no instant solutions, like anything, it takes work, time, and discipline.

What Are Best Ways to Find Debt Help?

In the old days (a few years ago) you could declare bankruptcy and essentially wipe out your debt but the new bankruptcy laws have changed all that. Now that too, is a long process that includes credit counseling and various stages of court approval.

So there really is no instant fix to the problem but there are solutions and your first step should be to determine which solution is best for you:

1. Bankruptcy – a last resort only for people with a situation “beyond desperate”
2. Debt Settlement – for those with more debt than they reasonably can ever pay off and need a lower payment fast
3. Debt Management/Credit Counseling – a less drastic yet longer term solution that’s better for your credit
4. Debt Consolidation – lowers you payments typically by using another asset as collateral (typically your home)
5. Spend Less and Save More – obvious and slow but it works for those with the income and discipline

Which debt help solution is best for you? That depends on your situation and is a decision only you can make but regardless, you should be cautious in your search to find debt help.

Like anything, there are good honest companies and others that you’d probably be better staying away from. Educate yourself, do you research, ask lots of questions, and speak with a few companies before making your decision.