Are you overwhelmed by debt? In these uncertain economic times, it wouldn’t be surprising. More and more people are looking for help to get their finances back on track.

1. Debt Relief Options – The
Inside Story

2. This information is brought
to you by Planting
Dollars.net

3. Are you overwhelmed by
debt?

4. In these uncertain
economic times, it wouldn’t
be surprising.

5. More and more people are
looking for help to get their
finances back on track.

6. There are debt relief
options available and help
may be closer than you
think.

7. Studies show that
excessive debt is a heavy
burden for people to bear.

8. The negative impact it has
on our minds and bodies is
huge.

9. So what can you do to get
some relief

10. from the debt that’s
sucking all the joy out of
your life?

11. There are 3 main debt relief
options available, credit
card balance transfers,

12. debt consolidation loans,
and credit counseling
services.

13. They are all there to help
you, but like anything in
life,

14. you have to know the
potential negatives of the
situation.

15. Credit card companies offer
one option for debt relief.

16. They will often let you
transfer the balances of
your

17. other credit cards to their
card and offer you a much
lower rate.

18. Up front this all looks
great, but read the fine
print.

19. The lower rate is often only
for a short time, then the
rate goes up.

20. If the new rate is still lower
than what you were paying

21. to start with, that could be
a good deal.

22. In some cases the rate will
actually be higher

23. than what you were paying
before.

24. Sometimes a lot higher! So
read the fine print

25. and know what you are
agreeing to before you sign.

26. You may be able to get a
debt consolidation loan
through your bank.

27. By consolidating some of
the debt you have

28. into one monthly payment
you could lower

29. your cash outgo by quite a
bit.

30. Once again, be careful of
what you’re getting into.

31. Rather than just focusing
on the amount per month,

32. you also need to consider
what the new loan

33. will cost you over the long
haul.

34. It could be that they
stretch the loan out longer;

35. making the monthly
amount you pay lower,

36. but at an astronomical
interest rate.

37. In this case you will end up
paying back far more

38. than if you had just paid
off what you had to begin
with.

39. Credit counseling
companies can also be very
helpful

40. when you are bogged down
in debt.

41. They will help you by
working directly with your
creditors on your behalf.

42. The will negotiate for you
and get your monthly
payment amount adjusted,

43. sometimes get you a better
interest rate,

44. and they may even be able
to get the amount you owe
adjusted.

45. You would make one
payment a month to the
agency

46. and it would be disbursed
to your creditors.

47. If you choose to use a
credit counseling agency,

48. be aware that they do get a
fee for their services.

49. In some cases you would
have to pay,

50. in others the lenders pay
the fee.

51. Make sure you know which
type of agency it is before
signing any contract.

52. And lastly, don’t let the
situation you’re in get the
best of you.

53. Decide which of the debt
relief options

54. you feel most comfortable
with and get the ball
rolling.

55. Soon you will be in a better
financial place.