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Find Relief From Your Debt

If you are like many Americans and struggle with debt you probably experience a mix of emotions, like worry, regret, anxiety, sadness and stress, just to name a few. If you are experiencing any of these emotions due to personal debt you are not alone! Consumer debt has been at an all-time high in recent years as the economy struggles to find a balance once again. According to a report gathered by the Urban Institute roughly 77 million Americans or 35% of adults with a credit line have or have had a debt report on file with the collections department.
How a person comes into debt is unique, but often it comes after the loss of a job, from an unexpected medical or other financial burden, student loans and other hardships that we all can experience on a daily basis. When you feel buried in debt it is easy to feel completely overwhelmed not knowing what the next step you need to take to relieve the pressure of bills.

Easy Steps to Debt Releif

There are steps you can take to relieve yourself of the debt you have accumulated. Some steps you can do on your own include forming a budget and sticking to it!

  • When we talk about a budget that includes expenses you and your family need such as groceries, utilities, a mortgage and other related expenses. Create a ballpark estimate on what you NEED to spend verses what you DO spend. Make sure that you set a certain amount aside every month dedicated to paying down the consumer debt you have.
  • Another way to relieve some of the debt accumulated over time is to cut the fat elsewhere. What does that mean? Simply purge yourself of expenses you don’t necessarily need. Do you need 200 channels or can you settle with Netflix and basic cable? Do you need Starbucks every morning or can you make a great drip coffee at home? Ways to save money are everywhere and many of those start with your lifestyle choices.
  • Lastly, make yourself accountable and don’t give up! You do not have to live in debt forever. With the right attitude you can free yourself from debt. Know that this doesn’t have to be permanent and work towards a better situation for yourself and your family.

Seeking Professional Help

In addition to setting personal goals it is imperative you hire a professional to look over the debt you have on file in order to make an accurate evaluation regarding the unique situation you are in. There is only so much you can do on your own and an attorney or law firm specializing in debt consolidation in San Diego and debt settlement will know what is best to do from a professional standpoint.

Debt settlement can be complicated when you get into the logistics of tracking, filing and filling out all the necessary paperwork to get started on your journey toward freedom from debt. Gather all of your information, call our law firm and get started today on living a debt free life.
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DISCLAIMER

This article has been reviewed and approved by Thomas A. Moore, managing attorney Brownstone Law Group, PC. California Bar # 148698. This article is for informational purposes only, does not provide legal or tax advice of any kind or form any type of attorney/client relationship. This article was published on January 20, 2016.