Debt Relief Strategies
If you are struggling with debt, you are not alone. Americans are more burdened with debt today than an in any time in recent history. Student Loan Debt in the US now exceeds $1.3 Trillion and Credit Card Debt is rapidly approaching $1 Trillion as well. In fact, over 75 million consumers in the US today have at least one account in collections.
Debt doesn’t discriminate. It affects everyone from all walks of life. And because debt doesn’t discriminate, every person’s situation is uniquely different and complex. Before embarking on a specific debt reduction strategy, it important to understand which strategies are best suited to your individual needs as well as your short term and long term financial goals. Here we will cover a few of the most common strategies used by consumers to reduce their debt load and get back on track to a sound financial future.