5 Ways To Get A Grip On Lowering Your Debt

The story of how you got into debt is complicated. I know, from dealing with my clients at the Law Firms I've worked at. It's very rare that a person gets max out in debt easily. Dealing with your can seem too complex to deal with. That was until today!

The following 5 things will help you get a grip on lowering your debt.

If you're a parent you can relate to a child that is scared. Sometimes fear is real and sometimes it isn't. For example when I was about five years old we had a Hoover Vacuum with an fearsome cyclops eye. That thing looked like it would eat me alive..lol... I just believed that it would:) Fear complicates our thought processes. That leads us to our first way to get a grip on your debt.

1. Be honest with yourself. I understand that human nature is to have pride about where you are in life. But what is kept in the dark will usually find it's way to the the court system. If you have debt, be honest with yourself about it.

2. Get a sense of your debt. What are your Interest Rates for your accounts? What credit is secured and what is unsecured? What is your credit score? These are all questions that will help you get a sense of how good or bad your debt situation is.

3. "Worry it to death". Find out the worst that can happen and then work to avoid it. Don't let your imagination run wild and give you stress and sleepless nights? Learn your rights with regards to your debt. I have helped our clients out of debt by holding their hand down the road of worry. By the time we get to the end of the road, they are more at ease.

4. Sort out your debt. After you get a sense of how much debt you have, what kind of debt it is and the Interest Rate, sort out them out into categories. For example, separate high interest accounts from low interest accounts.

5. Respond. After you've been honest with yourself, got a sense of your debt, worried it to death, and sorted it all out, you'll need to respond asap.

How are you going to deal with your debt. Do you need help? Do you need to let your spouse know? Do you need to fight back because you've been over-charged or taken advantage of?

Following these steps will instantly help you to get a grip on lowering your debt. Try it.

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Wishing you Financial Security!
We are Debt Warriors!