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Tuesday, July 11, 20175eKomi
My experience has been both beneficial and it has relieved all of my stressors in regard to my dealings with my creditors. Everyone has been really helpful.
Fast Track Debt Relief, Inc.
Saturday, June 10, 20175eKomi
What can I say!! Fast Track Debt Relief was a Blessing in Disguise and Life Saver for me and my family. With over $60,000+ in debt, we turned to Fast Track Debt Relief for assistance. They set up...
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Saturday, July 22, 20175eKomi
I like that they take time to Answer all my questions and don't feel rushed when I talked to them.
Fast Track Debt Relief, Inc.
Friday, August 25, 20175eKomi
My experience has been excellent. Everyone that I came in contact with has been very good.
Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
My experience with this company has been nothing short of fantastic. I would like to point out especially the excellent customer serve by ***. She was always available, cheerful and worked hard t...
Fast Track Debt Relief, Inc.
Wednesday, August 9, 20175eKomi
I had a very courteous, polite and extremely well knowledgeable about the information I received. All my questions were answered. We need more customer service like this young man.
Fast Track Debt Relief, Inc.
Friday, July 28, 20175eKomi
Very helpful and professional. I was treated like family
Fast Track Debt Relief, Inc.
Saturday, August 19, 20175eKomi
Great experience. Very professional.
Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
I had been so over whelmed with being in debt and truly saw no way out. And with the help of *** and *** I am officially DEBT FREE. I cant begin to tell you how good this feels. And for some time...
Fast Track Debt Relief, Inc.
Sunday, June 25, 20175eKomi
Something unbelievable but true this program really helped me a lot so far
FAST TRACK DEBT RELIEF ADVICE BLOG
OCT 26, 2016, WEDNESDAY
Steps to Start Living a Debt Free Life

It can be difficult to climb out of a financial pit once you've fallen into one. Entire industries today are built around debt. Credit card companies, for example, wouldn't be able to make any money if not for customers who borrowed too much and got caught under a tidal wave of interest. This certainly makes it harder to become debt free But rest assured, there are steps to take to reduce your debt and live without that burden on your shoulders.

Confront Your Debt

Debt feeds off of fear. If you're afraid of admitting that you have debt, or of confronting it, then you'll only let that debt become larger and larger. You must communicate with credit card companies and any other creditors and lenders. Make sure that they know you haven't disappeared.

Often, these companies run hardship programs geared toward easing the burdens on someone who's fallen into debt. You'll never know if you don't ask about them. Communication is crucial, especially when you've missed a few payments. If companies haven't heard from you, they have no problem moving you on to collections.

It may be difficult, but call, even if all you have to say is that you can't make the payment. At least this way, they'll know you're willing to acknowledge and work on your debt. Representatives will be more likely to extend offers that make repayment easier.

Prioritizing Types of Debt

Not all debt is equal. Start by, organizing your debt by secured and unsecured. If you have secured debt, this means that you've offered collateral against a loan. This is also called asset-backed debt. If you let this debt go without payment, the lender can repossess the asset you offered as collateral. Whether it's against your car or your home, secured debt payments should be met so a key asset in your life isn't at risk.

Unsecured debt refers to loans made without collateral. Most credit cards and student loans fall into this category. These debts also usually have higher interest rates.

Now, you'll often hear that you need to pay the debt with the highest interest rate off first, and this is true. However, you must balance this against making sure any secured debt is also paid off. It makes no sense to pay off a credit card, for example, at the risk of losing your car if you need that vehicle to get to a job.

It can be a struggle to balance debts. If you're making choices that leave one or the other debt unpaid, know that there are options. Credit counseling services can help you find the right balance and can advise you if a debt relief program can give you any advantage in these circumstances.

Don't Take Out More Debt to Pay Off Current Debt

Be wary of payday loans and other short-term loans, which are intended to bridge moments in life when you may be short on finances. Interest rates can be as high as several hundred percent. It's preferable to call a credit card or other company and ask for a late payment to be forgiven. Oftentimes, a late fee on a credit card payment will be excused and any excess you've paid will simply be paid against the balance instead of the fee itself. This is far preferable to taking out any kind of short-term loan.

Make Smart Debt Moves

You can often request a creditor reduce your rate. It won't always work, but sometimes creditors will make concessions.

In addition, some credit cards offer balance transfers at 0-percent. This means you can transfer the balance of one card to another. That 0-percent will last typically for one to two years. If you don't pay it off within that time frame, the interest accrued will come due. If you do pay it off, you've just saved yourself what's likely a high interest rate on your original card for that amount of time.

A debt consolidation loan can help you transfer higher interest rate debt to a lower interest rate debt. This is a method of refinancing and won't be available to all. It also requires discipline. Running up new debt on credit cards you've just paid can simply make your situation worse. Credit counseling services can help you find your own debt management plan that fits your circumstances.

Reduce Debt by Reducing Spending

To reduce your debt, you need to reduce your spending. This helps you save more to pay down that debt. You don't need to change your entire lifestyle necessarily. Sometimes, you just need to develop new habits. Rent a movie for $1.50 at a Redbox instead of paying $24 for two at the theater. Hold a potluck at your home where everyone brings a dish over instead of going out to eat. If you do go out to eat, skip drinks and dessert. This is where restaurants make the most money. A $10 meal can quickly become $20 or more with these add-ons.

Some habits, you may want to cut off cold turkey. A good approach is to find a new expense every few weeks and practice foregoing it until this becomes habit (cutting out the $5 latte and making coffee at home, skipping the food truck and bringing your lunch, etc.). Changing habits one at a time, rather than all at once, is more manageable and sustainable. This gives you a much greater shot at success.

Above all, put your credit cards away. Try paying for things only in cash. The more organized you can become with your expenses, the better. A budget that you list out and keep receipts to maintain is a must.

Remember, credit counseling services can help you reduce your debt in a number of situations. They don't fit every circumstance, but what's nice is that a debt relief program is always tailor-made to fit your specific debt needs.

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