Save Money with Debt Assistance

Save Money with Debt Assistance

If you feel like you are drowning in debt then a debt assistance provider may be able to help you get your head above water again. However, before you take the plunge into debt assistance, consider whether you can get out of debt on your own.

Part Time Second Job

A simple resolve to help in getting out of debt without having to get debt assistance would be to get a second job. Devote your earnings on your second job to getting out of debt. Apply the savings toward the highest interest debt first, then the next highest interest rate, and so forth.

If you don’t feel you have the time or energy to devote to a second job, consider working your second job from home. With the Internet, many freelance jobs doing web design and copy writing can be done from home with a high speed Internet connection.

Time to have a Sale

You may have several items in your home or garage that you can sell and start applying towards getting out of debt. Perhaps you have a childhood collection of some knick-knacks or period merchandise that you could easily sell on craigslist, eBay, or in the classified ads of your local newspaper.

Having a Garage sale is easy and certainly worth considering. The more you sell the more you will make and you may be surprised at how much people will buy at a garage sale. Just like in the second job option, you will need to put all the proceeds from your sale towards getting out of debt. This money is not a windfall; it is a means of providing debt assistance so you can reduce the crushing load of debt in your life.

Credit Counseling

If you fine your attempts toward getting out of debt on your own is not making a big enough difference as quickly as you had hoped, then you should schedule an appointment with a credit counselor. A one-on-one session with an experienced credit counselor will provide you with resources you need to manage your debt and your finances. They will show you have to create a budget that you can live with and teach you how to be consistent with it.

By working with your debt counselor, they will set up a plan that includes all your debt and all your creditors. They will take into consideration all your daily living expenses when creating a budget for you to adhere to. That way you will be able to stick to the plan over the months or years that it takes to conquer debt.

Patience is a Virtue

Assistance provided by credit counselors will work, when you make it a priority to follow their advice. Depending on your debt status, the average amount of time to get out of debt can be up to six years. You should not create any new debt during this process, or it will only extend the amount of time it takes to become debt free.