See how our debt relief program can reduce your debt and have you debt free in one to three years.
(prHWY.com) February 15, 2012 - Philadelphia, IL -- When you allow debt to get out of control, it can take over your life and make your financial situation seem bleak. While debt is a serious problem, there are a number of strategies that you can use to get
debt relief and get out from under the burden that comes with it. By employing any of these
debt reduction strategies, you can take control of your parental situation again.
Using Cash Only
One of the best ways to avoid letting your debt get out of control is to switch to a cash budget. With this strategy, as soon as you get paid, you cash your paycheck. You then put a certain amount of cash into a combination of envelopes that are for spending categories. For example, you may put some money into an entertainment envelope, other money into a grocery envelope and some into a restaurant envelope. Then when you need to pay for something, you take money out of the appropriate envelope. When your envelope runs out, you cannot spend any more money in that category until you get paid again. By doing this, you will not accumulate more debt or get insufficient funds fees for using a debit card or writing a check when you don't have money.
Debt Snowball
When it comes to getting out of debt, using the debt snowball method can get things moving quickly. With this approach, you make minimum payments each month on all of your accounts except the one with the least amount of debt. You then apply any extra money that you can come up with to the smallest account. By doing this, you pay off the smallest account very quickly. After you pay off the smallest account, you then apply all of that money each month to the next smallest account until it's paid off. You keep doing this and paying off accounts until you are making very large payments on a single account. Before long, your debt is gone and you can use your money how you want.
Debt Settlement
When you have a lot of debt, using debt settlement is another option to consider. With debt settlement, you agree to pay a lump sum of money that is less than what you owe to your creditor. The creditor forgives the remaining balance.
Regardless of which approach you take, it is generally good idea to consider your options and try to find the best method for you.
CONTACT INFORMATION
SAM
Hamilton Debt Relief
888-321-3809
http://www.hamiltondebtrelief.com/
###