Credit can be a double edged sword.
There are times you have to have a credit card.
It is required to rent a car or book a hotel.
But if you are not careful, it can easily get out of control and it will probably take you longer to get out of debt than it did to incur the debt.
However, it does not have to be a life sentence.
It will take time to get things under control, but it is doable.
It just takes a plan and the strong willingness to want things to be different.
It is possible to get out of debt on your own and many people do it, but it takes planning and discipline.
You are going to have to eliminate expenses anywhere that you can and you are going to have to look for ways to make extra money.
The bottom line is you are going to have to be able to make more than a minimum payment or you will be making payments for 10 years.
If you would like some help getting your debt organized, a credit counseling company can assist you with that.
They consolidate all of your unsecured debts so that you are only going to be making one payment each month.
This in itself is a big relief to most people.
No more having to remember several due dates and payment amounts.
The next benefit...
interest rates of about 10%.
This will save you hundreds and in many cases thousands of dollars.
Credit counseling will have you debt free in about 5 years.
Debt counseling agencies also offer budgeting materials and information that will help you stay debt free and prepare for your future financial stability.
Getting help from a credit counseling agency is simple.
Submit the form and you can be on your way to debt freedom within a few days.