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Debt Consolidation Plans

PostPosted:Mon May 31, 2010 3:33 pm
by roelemon4
The financial world is full of people who are basically running their finances without any semblance of a plan. They never learned to manage a budget and they have debts that they don't know what to do with. Every day is a new battle and it all ends up the same. They avoid some collect calls, don't make any real progress on paying down debts, and they essentially tread water. This is a terribly stressful way to live, as you might imagine. With that being said, you don't have to live that way. You can get organized and get yourself out of debt.

If you organize your finances, you will open yourself up to a world of new possibilities. It will allow you to see what is in front of you and more importantly, it will give you the motivation that you need in order to get out of a large amount of consumer debt. If you can see the debt melting away as you make payments on it, then you'll be much more likely to keep up with the payments each month. But the big question has to be how? How do you get organized and give yourself a better chance at long term success?

Many folks are starting with consolidation plans and going from there. The nice thing about debt consolidation plans is that they provide you with a number of resources. They take away all of your debts and put them in one loan, which will come at a lower cost and with lower rates than all of your other debts. They also set you up with some financial help. The goal of this is to give you a support system that can work and will work if you plug into it enough. This is one of the most underrated aspects of consolidation.

With one loan instead of ten loans, you won't have to worry about missing deadlines or losing bills. You won't have eight different addresses and seven different loan due dates to keep up with. It is just one date and one loan, and each time you make a payment on that loan, you can see a reflection of the damage you've done. This can help you get excited about paying things off every month, since you know that you are actually making progress, instead of just spinning your wheels aimlessly. In that way, consolidating makes a ton of sense.

Re: Debt Consolidation Plans

PostPosted:Tue Jul 13, 2010 4:36 am
by larryp7639
roelemon4 wrote:The financial world is full of people who are basically running their finances without any semblance of a plan. They never learned to manage a budget and they have debts that they don't know what to do with. Every day is a new battle and it all ends up the same. They avoid some collect calls, don't make any real progress on paying down debts, and they essentially tread water. This is a terribly stressful way to live, as you might imagine. With that being said, you don't have to live that way. You can get organized and get yourself out of debt.

If you organize your finances, you will open yourself up to a world of new possibilities. It will allow you to see what is in front of you and more importantly, it will give you the motivation that you need in order to get out of a large amount of consumer debt. If you can see the debt melting away as you make payments on it, then you'll be much more likely to keep up with the payments each month. But the big question has to be how? How do you get organized and give yourself a better chance at long term success?

Many folks are starting with consolidation plans and going from there. The nice thing about debt consolidation plans is that they provide you with a number of resources. They take away all of your debts and put them in one loan, which will come at a lower cost and with lower rates than all of your other debts. They also set you up with some financial help. The goal of this is to give you a support system that can work and will work if you plug into it enough. This is one of the most underrated aspects of consolidation.

With one loan instead of ten loans, you won't have to worry about missing deadlines or losing bills. You won't have eight different addresses and seven different loan due dates to keep up with. It is just one date and one loan, and each time you make a payment on that loan, you can see a reflection of the damage you've done. This can help you get excited about paying things off every month, since you know that you are actually making progress, instead of just spinning your wheels aimlessly. In that way, consolidating makes a ton of sense.

Thanks you for the post.