Benefits of Debt Settlement Besides Settling Debt

Benefits of Debt Settlement Besides Settling Debt

The goal of any debt-relief strategy is ultimately to eliminate debt.

While the circumstances of one’s debt make some options better suited than others, it’s paramount for any plan to offer more advantages than merely a financial resolution.

Living a financially secure existence is only possible when we have a foundation for healthy behavior, which involves a lot more than owing or not owing a balance.

Let’s examine this concept further by discussing one type of debt solution—debt settlement—and the benefits it offers beyond settling a debt.

Reduce Emotional Suffering

Being cash-strapped is one thing. Being cash-strapped and owing money is downright panic-inducing. Living with this feeling every day can sow discontent in even the most stable minds. Debt affects everyone slightly differently. Whether you’re stressed, anxious, depressed, angry or a bit of each, committing to a plan will improve your mental state.

Debt settlement is one type of plan that can be beneficial to a debtor’s mental state in that it allows debtors to unload some of the weight they’ve been carrying. Instead of sitting hopelessly in a difficult economic situation, Continue Reading

How to Break Out of the Cycle of Debt

How to Break Out of the Cycle of Debt

According to the 2018 Planning & Progress Study by Northwestern Mutual, the average U.S adult has about $38,000 in personal debt. This is not adding up additional debt from mortgage loans to pay off that Cincinnati home for sale. While loans and other debt can be useful for investing in your future, it will have… Continue Reading

The Best Secured Credit Cards 2019

The Best Secured Credit Cards 2019

Secure credit cards are for people who are either first-time credit card users or have a bad credit history. Credit card bureaus Equifax and TransUnion are responsible to monitor your track record of credit card usage. For, those who fail to meet the standards set by these bureaus are less likely to be eligible for… Continue Reading

How should I Contribute to my Multiple Retirement Accounts from two Different Employers?

An individual can most certainly have more than one retirement account. There generally is no restriction on the number of considerations one has. The legend has it that one retirement account makes sense, but multiple retirement accounts make much more sense than usual. Following are the reasons why it is recommended for individuals to have… Continue Reading