The fact remains that Americans, more so than any other country, struggle with debt. It is such a common occurrence that most people barely bat an eye at the mention of someone’s substantial credit card bill or the way they are drowning in college loans. We live in a financially demanding time, one that never seems to ease up despite an individual’s efforts. Debt has become a part of our culture, almost as substantial as the little quirks like ordering a pizza pie on a Friday night.
Throughout time, the American culture has been desensitized to the concept of debt as a bad thing, when in reality it is one of the most harmful things we are doing to ourselves and our economy.
Debt, and all of its accompanying problems, is a startling reality in our country.
National Debt Relief: The Reality
Debt can come from a million different places. Most commonly, it is accrued through credit cards, medical bills, or furthering your education. As costs of living increase and the minimum wage remains the same, many people resort to other methods to make ends meet. It would only take a second of consideration to apply for a credit card and begin to use that to buy what is needed. The problem arises when the bill arrives and the person still lacks the initial money to pay it off. The bills begin to stack up, the creditors begin to call, and before you know it, you’re in debt.
In the past, the first thing one would consider when facing this harsh reality would be to declare bankruptcy. Thankfully, that is no longer the case.
With the development of the National Debt Relief program, a solution is finally put forth for American’s dealing with this problem. The National Debt Relief program is divided into four subsections, which pinpoint exactly which area the individual is struggling with most. . Anyone dealing with upwards of $7,500 in unsecured debt is able to apply for one of the corresponding programs.
- Financial Education
With each of these subsections, counseling is available to aid the individual in determining what their best course of action is. National Debt Relief is the first program, which puts forth an actual solution to an epidemic that is plaguing our country.
So, How National Debt Relief Works
Once you have the knowledge required about the program, moving forth is fairly easy. The first step involves meeting with a counselor who will help determine exactly what is needed from both parties to reach an agreement. The most important thing here is to be completely honest about every faucet of your financial life with your counselor. National Debt Relief will not work for otherwise. In order to fix the problem, the counselors need to know the entirety of it.
Upon meeting with a counselor, they will help you determine exactly what needs to be done.. Several different things could happen next, which will be determined based on your financial portfolio and you decide.
- An affordable monthly payment may be developed.
- A reduction of interest rates can be implemented.
- A consolidation of all debt may help lower debt substantially.
- A low-interest consolidation loan can be put forth.
National Debt Relief: The Benefits
Due to the uniqueness of all of these options to the individual’s specific problem, the counselor will advise you on which one will benefit your life and decrease your debt the most. Your counselor may negotiate with your creditors, substantially decreasing the amount you owe them and coming to a happy medium with the company that will benefit all parties involved. National Debt Relief deals with helping not just the person in debt but also the company’s to which they owe. At the end of the day, creditors would prefer to have even a small portion of their payment than nothing at all.
The IRS is delighted by this program and now offers the option for people participating in it to classify the saved money as taxable income. In addiction, numerous banks have begun offering forty-percent off of the credit card debt one has accumulated in an effort to help eliminate the rising debt.
By far, the greatest benefit that comes from the National Debt Relief program is the freedom it affords to the Americans currently living with debt. Financial strain can be taxing and lead to more problems for an individual. It becomes almost impossible for one to live life to the fullest when their mind is constantly plagued with the amount of money that they owe. The government has provided a clear cut solution to the problem. By applying the National Debt Relief program to your own financial problems, one can claw their way out of the deep abyss of debt and begin to live the American dream they way they were meant to.