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Is debt management a good idea?

Updated: 9/16/2023
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12y ago

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A debt management plan is a good idea when you have fallen into a debt situation that overwhelms you. Such a situation is grieving to the individual, to the family and may often result in depression. A helping hand is needed and a debt management plan provides just that. Certified counselors can provide you with free credit counseling and budget consultation that will help you assess your financial situation and provide you with options. A debt consolidation program can help you organize your debts, consolidate them into one single monthly payment, and get you on the road to becoming financially stable as quickly as possible. Programs also provide you with free educational resources and ongoing education to equip you to better manage your finances.

DebtLineDirect.com is a small business that was sat up by people who understand only too well the despair and destruction that being in debt can cause. Their incentive is to help people get out of the pit and out of the red, so that they can start living their lives hassle-free again. They offer free, confidential advice by trained, friendly advisors who are available to speak to 24 " 7 either by phone or e-mail. They even through in a free consultation meeting at your wish to come and visit you at home so that they can go through exactly what they are about and how they can help you become debt-free. They deal with the creditors for you, so that all your letters and phonecalls stop, thus meaning only dealing with ONE company - them. They offer tailor made debt relief solutions depending on your financial state of affairs. This can range from a debt management program where you can agree to pay ONLY what you can afford monthly, or other options such as a trust deed, an IVA or even bankruptcy in certain circumstances.

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Related questions

How would someone find a good debt management plan?

there are so many debt management plans available. It is hard to know what to choose from, but it is a good idea to set realistic goals to get debt under control.


What is some good debt management software?

There are many useful debt management software available. One could try debt management software such as Credit Soft, for managing debt in an easy way.


Where can you get tips for debt management?

You can get tips for debt management from your bank or by consulting books on the subject. Suze Orman has written some good ones and has a great show about debt management.


What is a good way to get rid of your debt?

There is no easy way to get rid of debt. Contact a debt management company to help you manage your debt or contact someone that is an expert in debt management so you can eradicate your debt as soon as you can.


Are debt management services safe to use?

Yes, they are a safe option, but only as long as you opt for a good debt management company.


What are some good debt management programs?

There are several good debt management programs available on the internet. One in particular is the debt advisory centre, which is a UK based organisation. Others include Baines and Ernst and Gregory Pennington.


What's debt management group and will it help reduce personal debt?

In today's economy it is great you are looking to reduce your personal debt. I would only recommend using a debt management group if you are not good at budgeting and managing your funds.


How good are debt management plans?

Debt management plans are very effective in paying helping you pay off your debt without affecting your credit score. The sooner you pay off your debt, the less stressed you will and the better your credit score will be.


How is debt consolidation a good idea?

Trying to consolidate debt with bad credit is not a great idea. If your credit rating is low, it's hard to get a low-interest loan to consolidate debts, and while it might ...affordabledebtconsolidation


Is debt consolidation ever a good idea?

Debt consolidation can be a useful plan when you have a lot of high interest bills to pay. As long as you have enough reserve capital to pay the consolidated loan, it is a good idea.


How do you calculate national debt?

This site has a pretty good answer to your question. http://money.howstuffworks.com/personal-finance/debt-management/debt4.htm


Where can one find information on debt free management?

Debt Advice Foundation will only ever recommend free Debt Management Plan, where Debt Management is appropriate for your financial circumstances. Debt Advice Foundation is a registered UK charity offering free, confidential support and advice on any aspect of debt, including Debt Management.