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Locating good debt reduction advice may end up being somewhat confusing for you if you want to lower how much personal debt you have.

Too much of the available info makes it seem like it’s nearly impossible.

Then you have those places who pretend their advice will help you get out of debt, but it’s actually designed to make stay in debt longer.

There are also those who expect you to live on practically nothing.

While most of them mean well, the truth is that they may not be good options for your current situation.

That being said, the following debt reduction advice will help you get out of debt, regardless of which specific method you end up using.

1. Find out exactly where you stand financially.

Start a spreadsheet or get a sheet of paper and write down all of your debts.

Include every company and person you owe money to, including car payments, mortgage, personal loans, credit card balances, student loans, and any bills that are past due.

Next to each creditor, write down the total amount you owe, the minimum monthly payment, and the interest rate you are being charged.

Once the list is done, add up the totals in all but the interest rate column.

You will now see the total amount of debt you currently owe, as well as the total minimum monthly payments you’re expected to make.

The totals will probably shock you, but it’s important debt reduction advice because it shows you a realistic picture of how much debt you have.

2. Figure out how much money you have coming in and how much you are spending.

Make a list of all of the income you have coming in on a regular basis, as well as any money you could easily get your hands on if you had to (but don’t touch any retirement savings).

This gives you a better idea of how much you will be able to apply toward your debt reduction strategies, but there’s one more step.

You need to also write down all of your expenses. Don’t leave anything out.

The more honest and accurate you are, the better.

Once you see where all the money is going, you can start to see areas where you should be able to cut expenses.

3. Put all of this data together to start reducing your debt.

Free up as much money as you can and apply as much of it as you can toward the debt with the smallest balance (while paying the minimum amount on all others).

With luck, you may even be able to pay it off right away. Each time you move on to the next debt, roll over the amount you were paying on the previous one.

Keep following this debt reduction plan and you will be out of debt faster than you can imagine.

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If you’re deep in debt and having difficulty paying your bills, one of the best sources of debt consolidation advice and help is a credit counseling company.

You might be asking the question, How do I, Find The Best Debt consolidation Program.

Credit counseling companies can offer you debt consolidation advice including how to use credit lines wisely, helping you to establish a workable budget, and how to keep track of your bills and best manage your money.

A trained and certified debt consolidation advice specialist can arrange a repayment plan with all of your creditors and place you on the track to financial security.

Once you have selected a reputable consolidation advice agency, you will be asked to provide information about your income, expenses and debts.

The counselor then evaluate the information and discuss your situation with you before making recommendations and offering the most appropriate debt consolidation advice for your situation to help you address your financial problems.

Some useful pieces of debt consolidation advice may be participation in an educational class, enrolling in a debt-management/repayment plan.

However, the debt consolidation advice may extend to areas other than financial which include referral to another organization, such as a relationship counseling or state employment agency for assistance.

After all, the debt consolidation advice service understands that there are many underlying factors that led to your financial difficulties and that these also have an impact on other areas of your life.

You need to spend some time researching your options and take extra care to select a reputable debt consolidation advice agency.

Most importantly you should be able to find a debt consolidation advice agency that has satisfied clients, offers personalized service from trained counselors, can educate you how to make appropriate financial choices and will provide you with the tools you need to achieve financial security.I recommend National Debt Relief.

National Debt Relief is one of the country’s largest and one of the most reputable debt settlement companies.

They are made up of energetic, smart & compassionate individuals who are passionate about helping thousands of Americans with debt relief.

Most importantly they’re all about helping they customers through a tough financial time in their lives with education and individual customer service.

They are dedicated to helping individuals and families rid their lives of burdensome debt.

They specialize in debt settlement and have negotiated settlements for thousands of creditor and collection accounts.

They provide our clients with both our expertise and our proven results.

This means helping consumers in their time of hardship to get out of debt with the least possible cost.

It can also mean conducting financial consultations, educating the consumer and recommending the appropriate solution.

They core services offer debt settlement as an alternative to bankruptcy, credit counseling, and debt consolidation.

They will become your number one advocate group to help you re-establish financial stability as quickly as possible

Don’t be tempted to think that just because a debt consolidation advice company has a big advertising campaign means it is the best.

Quite often the only reason that a debt consolidation advice service has placed large and numerous adverts in various forms of media it is because they have not got enough clients!

You would also be wise to ignore telephone calls or e-mails that arrive out of the blue from debt consolidation advice companies offering their services.

The best debt consolidation advice services will often rely on past clients for referrals; they do not need to solicit business through constant television advertising, infomercials, and telemarketing or spam e-mails.

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Debt Reduction Advice that Actually Works

1. Find out exactly where you stand financially.

2. Figure out how much money you have coming in and how much you are spending.

3. Put all of this data together to start reducing your debt.

Best Debt Consolidation Program

The best debt consolidation advice services will often rely on past clients for referrals; they do not need to solicit business through constant television advertising, infomercials, and telemarketing or spam e-mails.